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

match each income statement and balance sheet term to its role in their respective statements. accounts payable account receivable expenses revenue 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. accounts payable account receivable expenses revenue 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:

Accounts Payable is money owed to vendors, so it matches the third - description. Account Receivable is money customers owe, matching the fourth - description. Expenses are costs for business operations, matching the second - description. Revenue is gross sales amount, matching the first - description.

Answer:

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