MATCHING Instructions: A list ot terms and related statements apprwar below. Im that relates to each statement. Print its iden A. Accounting cycle B. Accounts reveivable C. Adjusting entris D. Adjusting process E. Closing entries F. Closing process G. Current asset H, sral year K. Natural business year L. Notes receivable M. Post-closing trial balance N. Ketained earnings account O. Unadjusted trial balance 1. Lang-term liability 1. A liability that is not due within one year 2. The quence of accounting procedures tor prcessing transactions during a fiscal perived 3. Cash or another asset that is expected to be converted to cash or sold or consumed within one year or less, through the normal operation of a business date, to a specified person or bearer. earnings account by a series of entries. The balances are removed from the temporary accounts so that they will be ready tor use 4. Written claims against debtors who promise to pay the amount and possibly interest,at an agree 5. The process of transferring revenue, expenses, and drawing account balances to the retaine 6. accumulating data for the following accounting period by means of (?). An account that is used for summarizing the data in the revenue and expense accounts at 7. end of the accounting period. A listing prepared in order to make sure that the ledger is in balance at the beginning of the 8. accounting period. The annual accounting period adopted by an enterprise. 9. 10. A period ending when a business's activities have reached the lowest point in its a operating cycle