27 M2-3 Matching Terms with Definitions [LO 2-2, LO 2-3, LO 2-5) Select the appropriate letter to each of its related definition in the list given below. There should be only one definition per term. (That Is there are more definitions than terms int BO Definition An exchange or event that has a direct and measurable financial effect Four periodic Financial statements The two equalities in accounting that aid in providing accuracy D. The results of transaction analysis in debits.equal-credits format The account that is debited when foney is borrowed from a bank F. A recource owned by a business with measurable value and expected future benefits 0 Cumulative earnings of company that are not distributed to the owners Hvery transaction has at least two effects 1 Amounts presently owed by a business. 7. Assning dollar amounts to transactions fotoreces 1. Journal entry 2.AL+SE Debit Credits Transaction Liabiti 5 Assets income statement balance the statement of retained coming and statement of cash flows 18 Next