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Chapter 5.1

Revenues, Expenses, and Withdrawals
Across
Withdrawals account have a debit normal ________.
A revenue account is ______ on the credit side.
Spending $25 to print promotional flyers is a type of _____ expense.
Revenue earned from selling _____ __ _____ increases owner's capital.
Revenues have the opposite _____ as expenses.
The ______ transaction amounts accumulate in the account as the accounting period progresses.
Revenue accounts have a normal balance on the _____ side.
The life of a business is divided into periods of time called _______.
Owner's capital accounts have a credit _____ balance.
Accounts that ____ the costs of operating a business are expense accounts.
At the end of each period, the balances in the temporary accounts are transferred to the owner's ______ account.
If the owner takes $10 out of the business for lunch, you will debit withdrawals for ___ dollars.
The amount of money or an asset the owner takes out of the business.
Owners need revenue and expense information to keep the _______ on course.
Businesses need to be just as ____ as a 737.
Expenses decrease _____ capital.
Expense accounts increase on the ____ side.
Down
Expenses are the ____ of doing business.
In permanent accounts the dollar balances at the end of one accounting period become the dollar balances for the _______ of the next accounting period.
Revenue, expense, and withdrawals accounts are called _______.
Owner's capital is a _______ account.
Both ________ and owner's withdrawals decrease owner's equity.
Accounts set up to record business income are classified as _____ accounts.
Debits are on the ____ side of the T account.
If the Supplies expense account's ending balance for an accounting period was $50, how much is transferred into owner's capital?
A more ________ way to record transactions affecting revenue and expenses is to set up separate accounts for each type of revenue or expense.
Temporary accounts show the changes in owner's equity during each _______ period.
T accounts _____ the rules of debit and credit for expense accounts.
Expenses ______ owner's capital.
Credits are on the ____ side of the T account.