Unit 2 Crossword

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Across
  1. 2. — A cost that decreases owner’s equity.
  2. 4. — The right side of a T account.
  3. 5. — The side of an account where increases are recorded.
  4. 8. — An owner withdrawal of cash or assets for personal use.
  5. 9. — Insurance paid in advance and recorded as an asset.
  6. 10. — Money or obligations a business owes to others.
  7. 11. — Business materials purchased for future use.
  8. 13. — Money owed to a business by customers.
Down
  1. 1. — Money earned from providing goods or services.
  2. 3. — A liability created when purchases are made on account.
  3. 6. — Something a business owns that has value.
  4. 7. — A record that summarizes all information affecting one item in the accounting equation.
  5. 12. — The left side of a T account.
  6. 14. — Revenue earned from providing services or goods to customers.
  7. 15. — The asset account used whenever money is received or paid.