Questions 8, 9, 10, 11, 12, needs to be answered. These questions are fill in the blank.

Question 13, has 8 parts that needs fill in the blank.

Questions 14, 15, 16, 17, 18, needs to be answered. These questions are fill in the blank.

The answers choices are blow.

Fill in the blank option for Questions 6-12:

Account

Asset

Assets

Balance

Chart of accounts

Credit

Credits

Cross-Indexing

Debit

Debits

Decreases

Double Entry

Equities

Increases

Journal

Journalizing

Ledger

Left (debit)

Posted

Right (credit)

Trial Balance

Useful information

Fill in the blank options for Questions 13 (1-8): The financial accounting process has been shown to consist of eight steps, namely:

Analyze transaction by examining source documents

Journalize and post adjusting entries.

Journalize and post closing entries

Journalize transactions in the journal.

Post journal entries to the accounts in the ledger.

Prepare a post-closing trial balance.

Prepare a trial balance of the accounts and complete the worksheet.

Prepare financial statements.

Fill in the blank option for Questions 14-18:

Account

Asset

Assets

Balance

Chart of accounts

Credit

Credits

Cross-Indexing

Debit

Debits

Decreases

Double Entry

Equities

Increases

Journal

Journalizing

Ledger

Left (debit)

Posted

Right (credit)

Trial Balance

Useful information

8. account The basic unit in which data are stored in an accounting system is called an _. These storage units should be so constructed as to readily receive money measurements of the or in the items for which they are established. 9. 10. useful information balance Whether or not an account is established is determined largely by whether or not it will provide The difference between the amounts entered as increases in an account and those entered as decreases is called the of the account. 11. 12. 13. Since revenues increase Retained Earnings, and increases in Retained Earnings are recorded on the side of the account, it follows that increases in revenues are recorded on the side of the account. Since expenses decrease Retained Earnings and since decreases in Retained Earnings are recorded on the side of the account, it follows that increases in expenses are recorded on the side of the account. The financial accounting process has been shown to consis of eight steps, namely: 1. 2. 3. 4. 5. 6. 7. 8. A is often called a book of original entry and contains a chronological record of the transactions of a business. Before a transaction can be entered in this book of original entry, its effects on the business must be determined and encoded in terms of and 14. 15. The properties used by a business are known as ; whereas the rights in the properties of a business are known as 16. 17. 18. A sale made to a customer or client is recorded as an increase in a revenue account and an increase in an account. The total assets of the Miller Service Company are $22,000 and the total liabilities are $10,000. Therefore, the total stockholders' equity is An entry on the left side of an account is known as a