For each of the definitions, write the letter of the appropriate term in the space provided.

1-Abusiness that is owned by one individual.
2-Abusiness that is owned by two or more individuals.
3_Abusiness that is owned by stockholders.
4-Atransaction that is entered into the computer via the Journal Entries/General Journal window.
5-Atransaction that is entered into the computer via the cash payments journal.
6_Areport that contains a section referred to as the stockholders’ equity section, which reports the investment of the stockholders and the net income retained in the business.
7,_ A report that contains the amount of income tax expense for a corporation.
8_Areport that shows the changes in a corporation’s retained earnings from one period to the next.

Transcribed Image Text:

a. corporation b. retained earnings statement c. stock dividend d. sole proprietorship e. balance sheet f. partnership g. cash dividend h. income statement