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Chapter 9. ACROSS 5 Tells whether the entity could pay all its current liabilities if they came due immediately. 9 An account that the customers don't pay, and creates an expense to the company. 10 The party that sells a good or service on credit and obtains a receivable (asset)
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Chapter 9 ACROSS 5 Tells whether the entity could pay all its current liabilities if they came due immediately. 9 An account that the customers don't pay, and creates an expense to the company. 10 The party that sells a good or service on credit and obtains a receivable (asset) DOWN 1 The person who has a credit transaction to make a purchase and has a payable (liability). 2 Amount loaned out by the payee and borrowed by the maker of the note. 3 The date when final payment of the note is due. 4 Monetary claims against other. 6 Failure to repay a note at maturity. 7 The revenue to the payee for loaning money; the expense to the debtor. 8 Another word for uncollectible accounts
