Opening activity for Day39

2) - Cash - A current asset account which includes currency, coins, checking accounts, and undeposited checks received from customers.

    - Petty Cash - A current asset account that represents an amount of cash for making small disbursements for postage due, supplies, etc.

    - Temporary Investments - A current asset account which contains the amount of investments that can and will be sold in the near future.

    - Accounts Receivable - net - The combined amount of the debit balance in the current asset account Accounts Receivable and the credit balance in the contra asset account Allowance for Doubtful Accounts. 

    - Inventory - A current asset whose ending balance should report the cost of a merchandiser's products awaiting to be sold.

3) assets = liability + equity 

4) the earning is the equity