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When you push on a stationary object on a horizontal surface and it doesn't move, what kind of force is most likely opposing your efforts?
Retained Earnings
Part of shareholders' equity on a company's balance sheet, representing the amount of net income left over for the business after it has paid out dividends to its shareholders.
Control Account
An account used in the general ledger to summarize the balances of subsidiary accounts and facilitate the verification of financial information accuracy.
Customer Account Balances
The amounts owed to a company by its customers for goods or services delivered on credit.
Adjusting Entries
Entries made in the accounting records to realign the balances of accounts before financial statements are prepared.
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