Fill in the Blank Questions 215._____________ and ______________ are the starting points for the analyzing and recording process. Business transactions; Events 216.The second step in the...





Fill in the Blank Questions



215._____________ and ______________ are the starting points for the
analyzing and recording
process.



Business transactions; Events











216.The second step in the analyzing and recording process is to record the transactions and events in the book of original entry, called the ______________.












217.The third step in the analyzing and recording process is to post the information to the ___________________.












218._________________ documents identify and describe transactions and events and provide objective evidence and amounts for recording.












219.Revenues and expenses are two categories of ____________________ accounts.












220.The _______________________ is a record containing all accounts used by a company as well as the transactions and ending balances of each of the accounts.












221.___________________ are promises of payment from customers to sellers.












222.Unearned revenue is classified as a(an) _______________ on a business's balance sheet.












223.The four categories of equity accounts are ________________, __________________, ______________________, and ______________________.












224.A _______________ is a
list
of all the accounts used by a company and their identification codes but does not contain the balances.














May 15, 2022
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