A. Identify the word/words that best describes the following statements. 1. These are the resources that are controlled by the entity arising from past transactions and events and there will be an expected economic benefit. 2. This represents the labor payments to employees of the company. 3. The account title for chairs and tables is 4. The account title for air conditioner is 5. Expenses that are paid in advance are 6. Revenue account for trading concern business enterprise is 7. The account title referring to purchase of merchandise which is intended for sale. 8. The account title referring to the account from the customer who issued a promissory note. 9. This represents expenses arising from light, water, and telephone expenses. 10. It is a list of account titles used by the business in journalizing its transactions