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
.
