1. A financial statement that proves the fundamental accounting equation is the 2. are items owned by a business 3. Debts owed by a business are called 4. A=L+OE is the 5. A(n) results when a business purchases a service or merchandise and agrees to pay later 6. An accounting firm is an example of a(n) business 7. The owner's investments, net income, or net loss are recorded in 8. are formed when amounts are to be paid by customers at a later date 9. A purchase or sale, receipt or payment of cash, or any other business occurrence that can be measured in dollars and cents is called a(n) 10. An entity to which money is owed is a(n) 1. A financial statement that proves the fundamental accounting equation is the 2. are items owned by a business 3. Debts owed by a business are called 4. A=L+OE is the 5. A(n) results when a business purchases a service or merchandise and agrees to pay later 6. An accounting firm is an example of a(n) business 7. The owner's investments, net income, or net loss are recorded in 8. are formed when amounts are to be paid by customers at a later date 9. A purchase or sale, receipt or payment of cash, or any other business occurrence that can be measured in dollars and cents is called a(n) 10. An entity to which money is owed is a(n)