$1.\_\_\_\_\_\_\_\_$ are items owed to a creditor. $\_\_\_\_\_\_\_\_$ are items owned by a company. $\_\_\_\_\_\_\_\_$ represents owners' claims to company resources.

Expenses; Revenues; Net income

Expenses; Revenues; Stockholders$$ equity

Liabilities; Assets; Stockholders' equity

Liabilities; Assets; Net income

$2.$ Under $\_\_\_\_\_\_\_\_$ accounting, revenues are recorded when earned and expenses are recorded with related revenues. Under $\_\_\_\_\_\_\_\_$ accounting, revenues are recorded when cash is received and expenses are recorded when cash is paid out. Financial statements are prepared using $\_\_\_\_\_\_\_\_$ accounting.

cash$-$basis; accrual$-$basis; accrual$-$basis

cash$-$basis; accrual$-$basis; cash$-$basis

accrual$-$basis; cash$-$basis; cash$-$basis