Match each term with its related definition by entering the appropriate letter in the space provided. There should be only one definition per term (that is, there are more definitions than terms).

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Term Definition . Transaction A. Economic resources to be used or turned into cash within one year equity holders' equity 2 Separate Entity Assumption 3. Balance Sheet B. Reports assets, liabilities, and stockholders 4. Liabilities C. Decrease assets; increase liabilities and stock 5. Assets Liabilities + Stockholders Equity 6. Current Assets D. Increase assets, decrease liabilities and stock 7. Notes Payable -8. Duality of Effects holders' equity An exchange or event that has a direct and measurable financial effect. E. 9. Retained Earnings 10. Debit F Accounts for a business separate from its ownens. G. The principle that assets should be recorded at their original cost to the company H. A standandized format used to accumulate data about each item reported on financial statements しThe basic accounting equation.e.m . The two equalities in accounting that aid in providing accuracy K. The account credited when monev is borrowed from a bank using a promissory note. L Cumula tive earnings of a company that are not distributed to the owners M. Every transaction has at least two effects. N. Amounts presently owed by the business.