Listed below are 10 terms followed by a list of phrases that describe or characterize the terms. match each phrase with the correct term.
1. post-closing trial balance
2. revenues
3. general ledger
4. prepaid expense
5. adjusting entries
6. accrued liabilities
7. temporary accounts
8. deferred revenues
9. accrued receivables
10. unadjusted trial balance
a. refers to inflows of assets from the sale of goods and services.
b. a list of the general ledger accounts and their balances.
c. changes in the retained earnings component of shareholders' equity.
d. records the effects of internal transactions.
e. collection of storage areas, called accounts.
f. asset recorded when an expense is paid for in advance.
g. last step in the accounting processing cycle.
h. revenue earned before cash is received.
i. cash received from a customer in advance of providing a good or service.
j. expenses incurred but not yet paid.