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2. Fill in the following blanks with the accounting principles that best applies: Cost, business entity, going concern, unity of measurement, objective evidence, full disclosure,

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2. Fill in the following blanks with the accounting principles that best applies: Cost, business entity, going concern, unity of measurement, objective evidence, full disclosure, consistency, matching, conservatism, and materiality. (A) You purchased a new dishwasher from Mike's Machines for $1,250, and, because of the principle, it is recorded at $1,250, even though you could now sell it for $1,500. (B) Keeping records for a business separate from the owner's personal affairs is in keeping with the principle. (C) A guestroom wastebasket costing $20 is expensed directly when it is purchased. The wastebasket should have a five-year life. This is probably acceptable accounting because of the principle. 3. Esther's boss wants to show that the theme park is doing well in June and asks Esther to recognize a $9,000 revenue entry related to a group he has booked for the next January. What would you do if you were Esther

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