4. Match each of the following items with the financial statement where each item would most likely appear. Place letter a - d in the blank space to the right of each item. An item may appear on more than one statement. a. Income statement c. Balance sheet b. Statement of owner's equity d. Statement of cash flows 1. Cash from investing activities. 2. Equity. 3. Revenues. 4. Liabilities. 5. Cash from operating activities. 6. Withdrawals. 7. Costs and expenses. 8. Assets. 5. Match the following definitions and terms by placing the letter of the best definition in the blank space to the right of each term. a. Decrease in an asset and expense account, and increase in a liability, owner's capital and revenue account; recorded on the right side of a T-account. b. A file containing all accounts of a company and their balances. c. An accounting system where each transaction affects and is recorded in at least two accounts; the sum of the debits for each entry must equal its credits. d. A company's record of each transaction in one place that shows debits and credits for each transaction. e. An increase in an asset and expense account, and decrease in a liability, owner's capital, and revenue account; recorded on the left side of a T-account. f. A record of the increases and decreases in a specific asset, liability, equity, revenue, or expense item. g. A simple account form used as a helpful tool in showing the effects of transactions and events on specific accounts. h. Another name for the accounting books, or simply the books. i. The process of transferring journal entry information to the ledger. j. The sources of accounting information. 1. Posting 2. Source documents 3. Debit 4. Account 5. Ledger 6. T-account 7. Credit 8. Journal 9. Accounting records 10. Double-entry accounting 6. Identify each of the following accounts as a revenue (R), expense (E), asset (A), liability (L), or owner's equity (OE). Place one of these initials (R, E, A, L or OE) in the blank space to the right. 1. Unearned Fee Revenue 2. Fees Revenue 3. Owner, Capital 4. Supplies 5. Salary Expense 6. Cash 7. Accounts Receivable 8. Prepaid Insurance 9. Accounts Payable 10. Office Furniture 11. Equipment 12. Owner, Withdrawals