Match the following terms with the appropriate definition.
A.Permanent accounts
B.Accounting cycle
C.Temporary accounts
D.Working papers
E.Income summary
F.Work sheet
G.Closing entries
H.Post-closing trial balance
I.Operating cycle of a business
J.Pro forma statements
____ 1.Analyses and other informal reports prepared by accountants when organizing the information presented in reports and financial statements.____ 2.The time span from when cash is used to acquire goods and services until cash is received from the sale of those goods and services.____ 3.A temporary account used only in the closing process and to where the balances of revenue and expense accounts are transferred.____ 4.A spreadsheet used to draft an unadjusted trial balance, adjusting entries, adjusted trial balance, and financial statements.____ 5.A list of permanent accounts and their balances from the ledger after all closing entries are journalized and posted.____ 6.Recurring steps performed each accounting period, starting with analyzing and recording of transactions in the journal and continuing through the post-closing trial balance (or reversing entries).____ 7.Entries recorded at the end of each accounting period to transfer end-of-period balances in revenue, expense, and withdrawals accounts to the permanent owner's capital account.____ 8.Statements that show the effects of proposed transactions as if the transactions had already occurred.____ 9.Accounts that reflect on activities related to one or more future periods; they include all balance sheet accounts.____10.Accounts that are used to record transactions and events for one accounting period only; they include revenues, expenses, and withdrawals.
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