Paying cash is a (Cash)

A business sells something to a customer but they will pay later (accounts receivable)

A customer pays on their account (accounts receivable)

A Business prepays for 6 months of insurance (prepaid insurance)

Gaining supplies for a business is a (Supplies)

A business buys something on account (accounts payable)

A business pays off their account (accounts payable)

The owner of a business invests their own money into the business (Owner's Capital)

The owner takes money out of the business (Drawing)

Paying a bill for the business (expense)

When the business makes a sale (Revenue)