Provided below is a list of definitions and terms. Match them by placing the letter that identifies the best definition in the blank space next to each term. A record of the increases and decreases in a specific asset, liability, equity, revenue, or expense item A column in journals where individual account numbers are entered when entries are posted to ledger accounts A simple form used as a helpful tool in understanding the effect of transactions and events on specific accounts A list of accounts and their balances at a point in time; the total debit balances should equal the total credit balances A written promise from a customer to pay a definite sum of money on a specified future date A journal entry that affects at least three accounts. A list of at accounts used by a company and the identification number assigned to each account. The process of transferring journal entry information to the ledger The most flexible type of journal, it can be used to record any kind of transaction Liabilities created when customers pay in advance for products or services: satisfied by delivering the products or services in the Unearned future