The following is a list of terms or phrases discussed in the chapter. 

1. Credit 

2. Journal 

3. Ledger 

4. Chart of accounts 

5. Posting 

6. Account 

7. Trial balance 

8. Accounting transactions 

9. Debit 

Instructions 

Match each term or phrase to its description below. 

a.________A list of accounts and their balances at a given time. 

b.________An accounting record in which transactions are initially recorded in chronological order. 

c.________A record of all accounts maintained by a company and their amounts. 

d.________An individual accounting record of increases and decreases in specifi c asset, liability, stockholders’ equity, revenue, or expense items. 

e.________A list of the names of a company’s accounts. 

f.________The right side of an account. 

g.________The procedure of transferring journal entry amounts to the ledger accounts. 

h.________The left side of an account. 

i.________Events that require recording in the financial statements because they aff ect assets, liabilities, or stockholders’ equity.