Match the following accounting terms with the appropriate statement

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