S2-12. (Learning Objective 2: Using key accounting terms) Accounting has its own vocabulary and basic relationships. Match the accounting terms at left with the corresponding definition or meaning at right. 1. Normal balance A. Record of transactions 2. Payable B. Always an asset 3. Journal C. Left side of an account 4. Receivable D. Side of an account where increases are recorded 5. Owners' equity E. Copying data from the journal to the ledger 6. Debit F. A decrease in shareholders' equity 7. Expense G. Always a liability 8. Net income H. Revenues - Expenses 9. Ledger 1. Collection of accounts used in a business 10. Posting J. Assets - Liabilities E2-18A. (Learning Objectives 2, 3: Understanding how accounting works; journalizing transactions) Harris Tree Cellular, Inc., completed the following transactions during April 20X6, its first month of operations: Apr 1 2 4 6 9 17 23 30 Received $18,200 and issued ordinary shares. Purchased $200 of office supplies on account. Paid $15,200 cash for land to use as a building site. Performed service for customers and received cash of $3,300. Paid $100 on accounts payable. Performed service for ShipEx on account totaling $2,100. Collected $1,000 from ShipEx on account. Paid the following expenses: salary, $1,200; rent, $600