estion 9 [10 points) ose the term that best matches each of the following descriptions: select answer States that expenses are to be reported in the same period as the revenues they helped generate. select answer An asset or liability account requiring adjustment at the end of an accounting period. select answer A plant and equipment asset account balance less the accumulated depreciation account balance. select answer A financial statement that is prepared immediately following the posting of closing entries. select answer Accounts that have a continuing balance from one fiscal year to the next. select answer A trial balance that reports account balances after adjusting entries have been recorded and posted. 3) select answer An expense that has been incurred but has not yet been paid or recorded. h) select answer A checkpoint account where all revenue and expense account balances are transferred/closed. i) select answer A cash-to-cash sequence of transactions that usually starts with cash on hand and ends when cash is collected from j) select answer Records the amount of an asset's cost that has been expensed since it was put into use