Almost All of the Earliest U

question 57

Multiple Choice

Almost all of the earliest U.S.cities west of the Appalachians were

• A)located along major waterways.
• B)originally the sites of forts.
• C)centered around a trading or supply center.
• D)situated near mountain ranges.

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Definitions:

Journal Entries

The method of recording financial transactions in an accounting system, where each transaction is entered twice to maintain the balance of the accounting equation.

Transactions

The events or interactions between businesses or individuals that have economic substance and can be measured in terms of money.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal, used to ensure the accounting entries are in balance.

T-Accounts

A visual representation used in accounting to show the debits and credits in separate columns for each account in the general ledger.