39)-- 39) Owner financing refers to resources contributed by creditors or lenders. 40) 40) Retur m on assets reflects a company's ability to generate profit through productive use of its assets. 41) 41) A balanced trial balance is proof that no errors were made in journalizing transactions posting to the ledger, and preparing the trial balance. 42) 42) Asset accounts normally have debit balances and revenue accounts normally have credit balances 43) Transactions are recorded first in the ledger and then transferred to the journal. 44) Adjusting entries are designed primarily to correct accounting errors. 45) Before an adjusting entry is made to accrue employee salaries, Salaries Expense and 45) 44) Salaries Payable are both understated. 46) The fraud triangle asserts that the three factors that must exist for a person to commit 46 fraud are opportunity, pressure, and rationalization. 47) Asset accounts are normally decreased by debits. 48) Plant assets are usually listed in order from most liquid to least liquid. 49) The Securities and Exchange Commission (SEC) is a government agency that has legal 48) 49) authority to establish GAAP 50) If a company provides services to a customer on credit, the company providing the 50) service should credit Accounts Receivable