1.) _________________ refers to the convention of reporting revenue in the period it is considered to be earned and expenses in the period they are considered to be incurred.

2.) ________________is the term used to describe a book of original entry where transactions are recorded in chronological order.

3.) Entries needed to update the accounts made in preparation for creating financial statements are referrered to as _______________.

4.) In accounting, the term used to name the left side of a T-account is _____________.

5.) Year-end current liabilities and current expenses would be understated as a result of a failure to record which of the following adjusting entries?

a.) Accounts receivable that are uncollectible

b.) The expiration of prepaid insurance

c.)	Accrued wages due and unpaid at year-end

d.) None of the above