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The peripheral nervous system (PNS) includes _________of cranial nerves that connect the brain directly to the sense organs (eye,ear,tongue,nose,and skin) ,the heart,the lungs,and other internal organs
Drawing Account
An account used to record withdrawals made by an owner from the business for personal use.
Owner's Capital Account
An equity account that represents the owner's invested capital plus any retained earnings or minus any withdrawals.
First Closing Entry
The first journal entry in the closing process that transfers revenue and the expense account balances to the owner’s capital account as either a net income or a net loss.
Owner's Equity
The residual interest in the assets of a business after all liabilities are deducted, essentially the owner's share of the company's net assets.
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