Accounting Equation

Front

Assets are

Back

Anything of value

Front

Accounts Payable

Back

Liability

Front

Paying 6 months of insurance in advance is?

Back

Asset

Front

Accounts Receivable is?

Back

Asset

Front

Supplies are?

Back

Asset

Front

Will Smith, Capital is

Back

Owner's Equity

Front

Will Smith, Drawing is

Back

Owner's Equity

Front

Sales are

Back

Owner's Equity

Front

Expenses are

Back

Owner's Equity

Front

When you owe money to someone else

Back

Accounts Payable