Q 1. An event that affects assets, liabilities, or shareholders’ equity is considered to be 2. If an event is considered to change assets, liabilities, or shareholders’ equity with an appropriate monetary measure, then it is 3. On August 1, Amy Company borrowed $40,000 from another company on a 6%, one-year note. The journal entry that Amy recorded on August 1 included which of the following? 4. When an adjusting entry that recognizes accrued interest revenue is recorded, 5. The accounting concepts that underlie the accrual system of accounting are