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Problem Solving Survival Guide to accompany Financial Accounting, 8th Edition by Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt

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SOLUTION TO EXERCISE 2-7

1. Account 11. Journalizing
2. T-account 12. Ledger
3. Three-column form of account 13. Posting
4. Chart of accounts 14. Trial balance
5. Credit 15. General ledger
6. Debit 16. Double-entry system
7. Journal 17. Common stock
8. Compound entry 18. Dividend
9. Simple entry 19. Retained earnings
10. General journal 20. Normal balance

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