Distribe the following terms cash receipts journals,cash payments journals, assets, liability,owners equity

Let's define each term:

• A cash receipts journal is a special journal used to record all transactions where a business receives cash.
• A cash payments journal is a special journal used to record all transactions where a business pays out cash.
• Assets are economic resources owned by a business that are expected to provide future economic benefits. Examples include cash, accounts receivable, and equipment.
• A liability is a financial obligation or debt owed by a business to an external party. Examples include accounts payable, loans, and salaries payable.
• Owners' equity (also known as shareholders' equity or capital) is the residual claim on the assets of a business after deducting its liabilities. It represents the owners' investment in the business plus any accumulated earnings.