Journalizing and Posting Adjustment Entries

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Across
  1. 1. a short-term debt and a liability on a balance sheet where a business owes money to its vendors/suppliers
  2. 6. a record of a company's financial transactions
  3. 9. a financial statement that reports a company's assets, liabilities, and shareholder equity at a specific point in time
  4. 10. the cost required for something; the money spent on something.
  5. 11. a time frame used to create financial statements and reports for a business.
Down
  1. 2. the total amount of money being transferred into and out of a business
  2. 3. financial obligations that a company or individual owes to another party
  3. 4. the money and assets a business uses to start, run, and grow
  4. 5. changes to journal entries you've already recorded
  5. 7. a current asset that includes all raw materials, work-in-progress, and finished goods a company has
  6. 8. a resource that an entity owns or controls that can be used to generate economic value