1) Fill in the blanks below with the appropriate terminology. /14 (a) A financial statement that lists assets, liabilities, and owner's equity as of a specific date is called a (b) Items of value owned by a business are called (c) Debts of a business are called _ (d) The owner's claim on a company's assets is called (e) The balance sheet equation is (1) Customers who owe money to a business are called (9) Is a debtor of a company an asset or a liability? (h) Companies to whom debts are owed are called (i) Is a creditor of a company an asset or a liability? 6) A place to initially record changes caused by transactions is a (k) The left side of a T-account is the side. (1) The right side of a T-account is the (m) Any group of accounts is called a (n) A proof of the mathematical equality of the debits and credits in the ledger is a side