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134 match the following definitions and terms by placing the letter that identifies 4299492

 

134. Match the following definitions and terms by placing the letter that identifies the best definition in the blank space next to the term. 

1. A journal entry that affects at least three accounts 

     General journal 

   

2. A simple form used as a helpful tool in understanding the effect of transactions and events on specific accounts 

     Chart of accounts 

   

3. A record of the increases and decreases in a specific asset, liability, equity, revenue, or expense item. 

     Note receivable 

   

4. A column in journals where individual account numbers are entered when entries are posted to ledger accounts 

     T-account 

   

5. A written promise from a customer to pay a definite sum of money on a specified future date 

     Unearned revenues 

   

6. A list of accounts and their balances at a point in time; the total debit balances should equal the total credit balances. 

     Compound journal entry 

   

7. Liabilities created when customers pay in advance for products or services; satisfied by delivering the products or services in the future 

     Posting reference column 

   

8. The most flexible type of journal, it can be used to record any kind of transaction. 

     Posting 

   

9. A list of all accounts used by a company and the identification number assigned to each account 

     Account 

   

10. The process of transferring journal entry information to the ledger. 

     Trial Balance 

   

 

 

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