Fill in the Blanks Chapter 2 Online version Analyzing and Recording Transactions by Natalia Kania 1 1 . While companies can use various journals , every company uses a ( n ) . 2 . A ( n ) is a complete record of each transaction in one place . 3 . A ( n ) - represents a ledger account and is used to show the effects of transactions . 4 . demands the an accounting equation remain in balance . 5 . The side is the normal balance side for assets . 6 . Step 4 of accounting cycle is . 7 . Step 3 of accounting cycle is . 8 . identify and describe transactions and events entering the accounting system . 9 . are individuals and organization that have right to receive payments from a company . 10 . is a liability that is recorded when customers pay in advance for products or services . 11 . A ( n ) is also called note receivable . 12 . are amounts owed that are not yet paid . 13 . A ( n ) is a written promissory note to pay a future amount . 14 . is the owner's residual interest in assets of a business after subtracting liabilities . 15 . is the most liquid asset account .
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