Vocabulary Choice Board crossword puzzle

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Across
  1. 2. Income earned from the sale of goods or services
  2. 4. equation Assets=Liabilities+Owner's equity
  3. 6. Claim The legal right to property
  4. 8. Property or items of value owned by a business are referred to as...
  5. 14. The person or business that is selling the item on credit
  6. 15. payable An amount or total that a business owes to a creditor or business
  7. 16. Money or other property paid out in order to produce profit
  8. 17. Anything of value that a person or business owns and therefore controls
  9. 18. When a business buys something on credit, it is also called buying...
Down
  1. 1. receivable The total amount of money owed to a business, essentially money that is promised to be received later.
  2. 3. Financial claims to assets are called...
  3. 5. The creditors claim the assets of the business or "debt"
  4. 7. When a business earns revenue, the owner will tend to take cash from the business for personal use
  5. 9. The cost of products or services used to operate a business
  6. 10. When you buy something and agree to pay for it later, you're buying it on...
  7. 11. transaction Economic event that causes a change in assets, liabilities, or owner’s equity
  8. 12. A subdivision under assets, liabilities, or owner's equity
  9. 13. equity The owner's claims to the assets of their own business are called...