Listed below are several terms and phrases associated with the accounting processing cycle. Pair each item from List A (by letter) with the item from List B that is most appropriately associated with it.
List A
1. Source documents
2. Transaction analysis
3. Journal
List B
a. Record of the dual effect of a transaction in debit/credit form.
b. Internal events recorded at the end of a reporting period.
c. Primary means of disseminating information to external decision makers.
List A
4. Posting
5. Unadjusted trial balance
6. Adjusting entries
7. Adjusted trial balance
8. Financial statements
9. Closing entices
10. Post-closing trial balance
11. Worksheet
List B
d. To zero out the owners' equity temporary accounts.
e. Determine the dual effect on the accounting equation.
f. List of accounts and their balances before recording adjusting entries.
g. List of accounts and their balances after recording closing entries.
h. List of accounts and their balances after recording adjusting entries.
i. A means of organizing information: not part of the formal accounting system.
j. Transferring balances from the journal to the ledger.
k. Used to identify and process external transactions.