Match the Person or Term with the with the Correct

question 12

Multiple Choice

Match the person or term with the with the correct description.
-William Penn

• A)established a Committee of Safety in New York
• B)a Protestant who became King of England
• C)Metacom
• D)formed Covenant Chain with Iroquois
• E)elite planter who called for reform in Virginia
• F)governor of Virginia during Bacon's Rebellion
• G)a Catholic who became King of England
• H)restoration of monarchy
• I)proprietor of Pennsylvania
• J)Walking Purchase
• K)overthrown in the Glorious Revolution

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Definitions:

Salvage Value

At the conclusion of its useful life, an asset's salvage value is the anticipated market price upon resale.

Service Revenue

Revenue generated by a business through the delivery of services to its clientele.

Prepaid Rent

An asset account that records rent payments made in advance for the use of property or space that hasn’t yet been incurred.

Adjusting Entry

An entry made in the journals to align the accounts with the true financial status by accounting for accrued or deferred items.