Which of the following is a type of liquid asset, such as a demand deposit?

Amounts due from customers, for which the claim is in the form of a written promise to pay, are called ________________.

A right granted to an individual or company that excludes others from manufacturing, using, or selling a certain process or device is called a _____________.

XYZ Company completed its second year of operations in Year 2. On January 1 of Year 2, the balance in Retained Earnings was $84,000. During the year, the company declared and paid a dividend of $65,000 to shareholders. The company reported net earnings of $105,000 in its Year 2 Income Statement. What was the balance in Retained Earnings on December 31 of Year 2?

The normal balances in Depreciation Expense and its related Accumulated Depreciation accounts are ______________________.

The process of transferring entries in the general journal to the accounts in the general ledger is called ________________.

Which of the following accounts accumulate amounts for only a single accounting period?

Amounts owed for goods or services acquired under an informal credit agreement are called ___________________.

A trial balance that shows revenue and expense accounts with zero balances and balance sheet accounts at the end of the period is called a __________________.

The amount of income tax postponed for payments to future years is called ________________.