Across

$3$

Future obligations of a business.$(11)$

$6$

A financial statement that reports revenue and expenses $(2$ words$)(15)$

$9$

Costs incurred in the process of earning revenue that are recorded through a decrease in equity$(8)$

Down

$1$

This account represents the earnings $($profits$)$ of a business that is kept in the business since the business began operations $(2$ words$).(16)$

$2$

The payment of profits $($earnings$)$ to the stockholders that are recorded through a decrease in equity.$(9)$

$4$

A financial statement that reports the assets, liabilities, and equity balances on a particular day $(2$ words$).(12)$

$5$

A stock certificate given to an owner as proof of his investment $(2$ words$).(11)$

$7$

Selling goods or services to customers in the course of operating a business.$(7)$

$8$

Things of value to a business$(6)$

$9$

Assets $=$ Liabilities $+\_\_\_\_\_\_\_.(6)$