E I. Matching Questions. (3x6 18 points) Match the following terms with the appropriate definition. A. Worksheet B. Ethics C. Merchandise inventory D. Double-entry accounting E. Journal F. Accrual basis accounting Products a company owns and intends to sell. An accounting system where each transaction affects and 2 is recorded in at least two accounts; the sum of the debits for each entry must equal its credits. Beliefs that distinguish right from wrong. A company's record of each transaction in one place that shows debits and credits for each transaction. The accounting system that recognizes revenues when earned and expenses when incurred. A spreadsheet used to draft an unadjusted trial balance, adjusting entries, adjusted trial balance, and financial statements. A-1 6