a) Select answer c) select answer select answer Question 3 [10 points) Choose the term that best matches each of the following descriptions Records the amount of an asset's cost that has been expensed since it was put into use. b) select answer A checkpoint account where all revenue and expense account balances are transferred closed Atrial balance where the accounts have not yet been adjusted. An account that is related to another account and typically has an opposite normal balance that is subtracted to the financial statements Adjustments to account balances that help satisfy the matching principle An expense that has been incurred but has not yet been paid or recorded An estimate of how long a plant and equipment asset will actually be used by the business regardless of how lo Accounts that have a continuing balance from one fiscal year to the next Accounts where the balances are zeroed at the end of each accounting period i) select answer A financial statement that is prepared immediately following the posting of closing entries Select answer f) select answer g) select answer h) select answer Select answer Duastian 4125 points lifa1.lyryx.com/quiz-servlets/QuizServlet?cid=11089 Choose me terminat best matches Torte Tonowig escnpt a) select answer Records the amount of an as b) select answer A checkpoint account where c) select answer Atrial balance where the aca select answer d) Accounting cycle Accrual accounting An account that is related to a Accrued expense the financial statements Accrued revenue e) Accumulated depreciation Adjustments to account balan Adjusted trial balance 1) Adjusting entries An expense that has been incu Carrying amount or net book value Closing entries g) Contra account An estimate of how long a plan Depreciation h) Income summary Accounts that have a continuing Matching principle Moved account i) Operating cycle Accounts where the balances ar Permanent accounts 1) Post-closing trial balance A financial statement that is prep Residual value Revenue recognition Question 4 [25 points) Below are individual unrelated transactions from Global Fiter Corp transactions in the journal Dates must be entered in the format ddim a) on April 1 2014 Global Filter Corp provided teaching services to a General Journal Page 1 F Debt Date Account Explanation