Current Attempt in Progress Match the following accounting terms with the appropriate statement Income Summary Trial Balance Creditors' claims on total assets Liabilities An amount paid in advance of when the work will be performed Revenue Recognition Principle Solvency A proof of the mathematical equality of debits and credits after posting The recognition of amounts are recorded in the period in which they are incurred Requires that companies recognize amounts in the accounting period in which the amounts are earned A temporary account used in closing revenue and expense accounts Fair Value Uncarned Revenues Economic resources that are expected to provide future benefits The ability of a company to pay obligations that are expected to become due within the next year Ledger Journal Assets Distributions of profits to owners Company will remain in business long enough to carry out its existing objectives Noncurrent assets that do not have physical substance Contains all of a company's accounts and tracks the balances of each Achronological record listing of all transactions recorded by a company Accrual Dividends A contra revenue account An economic entity that is not a separate legal entity The ability of a company to survive over a long period of time e Textbook and Media The recognition of efforts (expenses) at the same time as accomplishments (revenues) Save for later The price received to sell an asset or settle liability