Fill in the blanks with the correct terms from the list below. 

Account............................... ending balance 

Chart of accounts............... footings 

Compound entry................ ledger 

Credit................................... T account 

Debit.................................... trial balance

1. An entry on the left side of a T Account is known as a(n) ______________.
2. A(n) ________________ lists the ending balances of each account.
3. The separate record for each asset and liability and the owner’s equity is called a(n) _________________.
4. A(n) ____________ appears on the right side of a T Account.
5. A group of accounts that record data from business transactions are recorded in a(n) ___________.
6. The ____________ is used for demonstration purposes to show the effects of entries on a standard account.
7. The difference between the footings in a T Account is called _____________.
8. A(n) ____________________ is a transaction involving more than one debit or credit.
9. A numbering system of accounts is used in the ________________.
10. When adding each side of the T account, the balance of each side is the ______________.