Match the items below by entering the appropriate code letter in the space provided.

a) Entries at the end of an accounting period to transfer the balances of temporary accounts to a permanent owner's equity account. _____

b) The exact opposite of an adjusting entry made in a previous period. _____

c) Entries to correct errors made in recording transactions. ______

d) The average time that it takes to go from cash to cash in producing revenues. ______

e) Balance sheet accounts whose balances are carried forward to the next period.______

f) Assets that a company expects to pay or convert to cash or use up within one year.______
g) A temporary account used in the closing process. ______

h) An optional tool which facilitates the preparation of financial statements.______

i) A part of owners' equity in a corporation. ______

j) Obligations that a company expects to pay after one year. ______

1. Capital Stock
2. Income Summary
3. Operating cycle
4. Reversing entry
5. Long-term liabilities
6. Worksheet
7. Closing entries
8. Permanent accounts
9. Current assets
10. Correcting entries