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

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Term Definition 1. Separate Entity Assumption A. Economic resources to be used or turned into cash within one year 2. Balance Sheet B. Reports assets, liabilities, and shareholders' equity 3. Current Assets 4. Notes Payable 5. Duality of Effects 6. Retained Earnings C. Decrease assets; increase liabilities and shareholders' equity D. Increase assets; decrease liabilities and share- holders' equity 7. Debit E. Accounts for a business separate from its owners F. The two equalities in accounting that aid in providing accuracy G. A standardized format used to accumulate data about each item reported on financial statements H. The principle that assets should be recorded at their original cost to the company I. The account credited when money is bor- rowed from a bank using a promissory note J. Cumulative earnings of a company that are not distributed to the owners K. Every transaction has at least two effects