E4.19 (LO 1, 2, 3, 4), C The following is a list of terms and phrases discussed in the chapter. Identify accounting terms. 1. Contra asset account 2. Permanent accounts 3. Depreciation 4. Adjusting entries 5. Prepaid expenses (prepayments) 6. Temporary accounts 7. Book value 8. Adjusted trial balance 9. Closing entries 10. Earnings management 11. Income Summary Instructions Match each term or phrase with its description below. a. Expenses paid in cash before they are used or consumed. b. The difference between the cost of a depreciable asset and its related accumulated depreciation. c. A list of accounts and their balances after all adjustments have been made. d. Entries made at the end of an accounting period to ensure that the revenue recognition and expense recognition principles are followed. e. Entries at the end of an accounting period to transfer the balances of temporary accounts to a permanent stockholders' equity account, Retained Earnings. f. Revenue, expense, and dividend accounts whose balances a company transfers to Retained Earnings at the end of an accounting period. g. The planned timing of revenues, expenses, gains, and losses to smooth out bumps