The Following Is a List of 10 Terms and Concepts $\quad$

The following is a list of 10 terms and concepts from Chapter 3:
$\quad$$\quad$$\quad$$\quad$ $\underline{\text{Terms and consepts:}}$
A. Master data $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ F. Journalize
B. Standing data $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ G. Subsidiary ledger
C. Summarize $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ H. General ledger
D. Post to subsidiary ledger $\quad$$\quad$$\quad$$\quad$ I. Information processing
E. Post to general ledger $\quad$$\quad$$\quad$$\quad$$\quad$ J. Data maintenance Required:
Listed below are ten descriptions of a term or concept. On the blank line to the left of each number, insert the capital letter from the list above of the term or concept that corresponds to the statement. A letter should be used only once.
$\underline{\text{Answers}}$ $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ DESCRIPTION
_______ 1. $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ Add a sale to a customer's account
_______ 2. $\quad$$\quad$$\quad$$\quad$ $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ Record a sales transactions in a book of original entry
_______ 3. $\quad$$\quad$$\quad$$\quad$ $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ Customer credit limit
_______ 4. $\quad$$\quad$$\quad$$\quad$ $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ Accounts Receivable and Sales accounts
_______ 5. $\quad$$\quad$$\quad$$\quad$ $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ Change inventory prices
_______ 6. $\quad$$\quad$$\quad$$\quad$ $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ Increase the balance in the Sales and Accounts Receivable account:
_______ 7. $\quad$$\quad$$\quad$$\quad$ $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ Financial statement preparation
_______ 8. $\quad$$\quad$$\quad$$\quad$ $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ Individual customer accounts receivable records
_______ 9. $\quad$$\quad$$\quad$$\quad$ $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ Accounts receivable subsidiary ledger
_______ 10. $\quad$$\quad$$\quad$$\quad$ $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ Prepare a trial balance.