match each income statement and balance sheet term to its role in their respective statements. account…

match each income statement and balance sheet term to its role in their respective statements. account receivable revenue accounts payable expenses the amount of gross sales from goods and services. the costs a business has to maintain operations and sell goods and services. the amount of money a business owes to vendors. the amount of money customers owe to a business for goods and services sold.

match each income statement and balance sheet term to its role in their respective statements. account receivable revenue accounts payable expenses the amount of gross sales from goods and services. the costs a business has to maintain operations and sell goods and services. the amount of money a business owes to vendors. the amount of money customers owe to a business for goods and services sold.

Answer

Brief Explanations:

Account Receivable is money customers owe, Revenue is gross sales, Accounts Payable is money owed to vendors, Expenses are costs for operations and sales.

Answer:

Account Receivable - The amount of money customers owe to a business for goods and services sold. Revenue - The amount of gross sales from goods and services. Accounts Payable - The amount of money a business owes to vendors. Expenses - The costs a business has to maintain operations and sell goods and services.