Question 5

Listed below are five terms followed by a list of phrases that describe or characterize each of the terms. Match each phrase with the correct term.

	Liabilities
.	Retained earnings
	Journalize
	Post
	Special journals

A.	Used to record repetitive types of transactions.
B.	Represents the cumulative amount of net income, less distributions to shareholders.
C.	Refers to nonowners' claims against the assets of a firm.
D.	Record chronologically the effects of transactions in debit/credit form.
E.	Transfer balances from journals to ledgers.

Question 6

6. Listed below are five terms followed by a list of phrases that describe or characterize each of the terms. Match each phrase with the correct term.

	Source documents
	Revenues
	Transaction analysis
	Deferred revenues
	Special journals

A.	Used to record repetitive types of transactions.
B.	Determines the effects of an event in terms of the accounting equation.
C.	Liabilities created by a customer's prepayment.
D.	Refers to inflows of assets from the sale of goods and services.
E.	Used to identify external transactions.