I need some help with my Accounting Homework its matching words with the vocab

1) Match the following definition with one of the terms provided.Type the term exactly as it appears.

Definition:Resources such as cash that an owner takes from the company for personal use.

Terms: Risk, Owner capital, Return on assets, Liabilities, Expenses, Owner withdrawals, Assets, Accounting equation

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2) Match the following definition with one of the terms provided.Type the term exactly as it appears.

Definition:Creditor's claims on a company's assets.

Terms: Risk, Owner capital, Return on assets, Liabilities, Expenses, Owner withdrawals, Assets, Accounting equation

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3) Match the following definition with one of the terms provided.Type the term exactly as it appears.

Definition:A record of the increases and decreases in a specific asset, liability, equity, revenue, or expense item.

Terms: T-account, General journal, Compound journal entry, Note receivable, Account, Chart of accounts, Posting, Trial balance, Posting reference column, Unearned revenues

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4) Match the following definition with one of the terms provided.Type the term exactly as it appears.

Definition:A column in journals where individual account numbers are entered when entries are posted to ledger accounts.

Terms: T-account, General journal, Compound journal entry, Note receivable, Account, Chart of accounts, Posting, Trial balance, Posting reference column, Unearned revenues

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5) Match the following definition with one of the terms provided.Type the term exactly as it appears.

Definition:A simple form used as a helpful tool in understanding the effect of transactions and events on specific accounts.

Terms: T-account, General journal, Compound journal entry, Note receivable, Account, Chart of accounts, Posting, Trial balance, Posting reference column, Unearned revenues

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6) Match the following definition with one of the terms provided.Type the term exactly as it appears.

Definition:A list of accounts and their balances at a point in time; the total debit balances should equal the total credit balances.

Terms: T-account, General journal, Compound journal entry, Note receivable, Account, Chart of accounts, Posting, Trial balance, Posting reference column, Unearned revenues

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7) Match the following definition with one of the terms provided.Type the term exactly as it appears.

Definition:A written promise from a customer to pay a definite sum of money on a specified future date.

Terms: T-account, General journal, Compound journal entry, Note receivable, Account, Chart of accounts, Posting, Trial balance, Posting reference column, Unearned revenues

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8) Match the following definition with one of the terms provided.Type the term exactly as it appears.

Definition:A journal entry that affects at least three accounts.

Terms: T-account, General journal, Compound journal entry, Note receivable, Account, Chart of accounts, Posting, Trial balance, Posting reference column, Unearned revenues

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9) Match the following definition with one of the terms provided.Type the term exactly as it appears.

Definition:A list of all accounts used by a company and the identification number assigned to each account.

Terms: T-account, General journal, Compound journal entry, Note receivable, Account, Chart of accounts, Posting, Trial balance, Posting reference column, Unearned revenues

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10) Match the following definition with one of the terms provided.Type the term exactly as it appears.

Definition:The process of transferring journal entry information to the ledger.

Terms: T-account, General journal, Compound journal entry, Note receivable, Account, Chart of accounts, Posting, Trial balance, Posting reference column, Unearned revenues

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11) Match the following definition with one of the terms provided.Type the term exactly as it appears.

Definition:The most flexible type of journal, it can be used to record any kind of transaction.

Terms: T-account, General journal, Compound journal entry, Note receivable, Account, Chart of accounts, Posting, Trial balance, Posting reference column, Unearned revenues

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