Accounting Midterm

2. A trial balance prepared after the closing entries are posted.
4. A business paper from which information is obtained for a journal entry.
5. A proof of the equality of debits and credits on a worksheet in a general ledger.
8. An amount of cash kept on hand and used for making small payments.
9. A financial statement that reports assets, liabilities, and owner′s equity on a specific date.
11. An increase in owner′s equity resulting from the operation of a business.
12. Transferring information from a journal entry to a ledger account.
13. Recording transactions in a journal.
14. A business that performs an activity for a fee.
19. The account used to summarize the owner′s equity in a business.
20. Journal entries used to prepare temporary accounts for a new fiscal period.
23. A business owned by one person.
24. Accounts used to accumulate information until it is transferred to the owner′s capital account.

1. The side of the account that is increased.
3. A columnar accounting form used to summarize the general ledger information needed to prepare financial statements.
6. The series of accounting activities included in recording financial information for a fiscal period.
7. Journal entries recorded to update general ledger accounts at the end of a fiscal period.
10. Planning, recording, analyzing, and interpreting financial information.
15. A journal amount column headed with an account title.
16. An accounting device used to analyze transactions.
17. An equation showing the relationship among assets, liabilities and owner′s equity.
18. A list of accounts used by a business.
21. An amount recorded on the left side of a T Account.
22. An amount recorded on the right side of a T Account.