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Match the Term and the Explanation

Question 11

Essay

Match the term and the explanation.There are more definitions than terms.
_____ dr
_____ Unobservable event
_____ Classified balance sheet
_____ Contributed capital
_____ Accounting equation
_____ Transaction
_____ Accounts payable
_____ Journal entry
_____ Unearned Revenues
_____ Prepaid Rent
A.The account credited when cash is received in exchange for stock issued.
B.Every transaction has at least two effects.
C.Quantitative record of an exchange or event that has a direct impact on a company's balance sheet.
D.A balance sheet that has not yet been publicly released.
E.Amount paid for future rent.
F.A method of recording a transaction in debit/credit format.
G.A transaction that is triggered automatically merely by the passage of time.
H.The abbreviation for an item posted on the left side of a T-account.
I.The expression that assets must equal liabilities plus shareholders' equity.
J.The value of a company's public relations campaign.
K.Amounts owed to suppliers for goods or services bought on credit.
L.An event that has no effect on the balance sheet and is not recorded in the financial statements.
M.Liabilities divided by assets.
N.A balance sheet that has assets and liabilities categorized as current vs.long-term.
O.The abbreviation for an item posted on the right side of a T-account.
P.When a company becomes included in the Fortune 500.
Q.Amount received in advance from customers for providing goods and services to customers.
S.Another name for shareholders' equity.

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