a. Match the terms (identified as a through g) with the definitions and phrases (marked 1 through 7). For example the term "a. Assets" matches with definition 7. Economic resources that will be used by a business to produce revenue.

a. Assets 1. Individuals or institutions that have contributed assets or services to a business in exchange for an ownership interest in the business.

b. Common Stock 2. Common Stock + Retained Earnings.

c. Creditors 3. Certificates that evidence ownership in a company.

d. Liability 4. Assets - Liabilities - Common Stock.

e. Retained Earnings 5. An obligation to pay cash in the future.

f. Stockholders 6. Individuals or institutions that have loaned goods or services to a business.

g. Stockholders' Equity 7. Economic resources that will be used by a business to produce revenue.

b. Calculate the missing amounts in the following table:

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Stockholders' Equity Common Retalned Earnlngs Company Assets Llablltles $25,000 15,000 Stock 40,000 75,000 125,000 $48,000 7,000 $50,000 30,000 42,000 45,000 60,000