MATCHING Match Each Description with the Item Below

question 83

Multiple Choice

MATCHING
Match each description with the item below.
-Jefferson Davis

• A)was a candidate for the presidency in the 1860 election
• B)led Pottawatomie Massacre
• C)elected president of the Confederate States of America
• D)died in July 1850
• E)caned Charles Sumner
• F)the "Little Giant" who succeeded in getting the Compromise of 1850 passed by breaking it into separate proposals
• G)argued that Congress needed to protect the right of slave owners to take their property into the territories
• H)was the chief justice for Dred Scott case
• I)was the 1848 Free-Soil presidential candidate
• J)was the president who supported the Compromise of 1850

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Definitions:

Credit

An accounting entry that increases liabilities or equity or decreases an asset or expense.

Prepaid Insurance

An asset account that reflects payments made for insurance coverage periods extending into the future; it is expensed over time as the coverage period lapses.

Normal Balance

Refers to the debit or credit balance that is expected on a specific type of account based on its accounting rule.

Contra Asset

An asset account where the account balance is a negative amount that reduces the total value of assets on the balance sheet.