$1$: Match the accounts to their descriptions.

Rent Revenue

Monies earned from rental of an asset to another party

Rent Expense

Cost incurred for renting an asset from another party

Notes Receivable

Monies owed in the short$-$term from another company

Molly W$.$ Virginia, Drawing

Owner's withdrawal of assets in a period $($month$,$ year$)$

Molly W$.$ Virginia, Capital

Portion of assets to which the business owner can lay

claim

Cash

Total monies held by a business

Accounts Receivable

Monies owed from another company; interest bearing and

associated with a formal, signed document

Accounts Payable

Monies owed to another company