The First Step in Recording a Transaction in the Journal

question 172

Multiple Choice

The first step in recording a transaction in the journal is:

• A)determining whether each account is increased or decreased by the transaction.
• B)copying the information from the journal to the ledger.
• C)entering the debit side of the journal entry on the left margin and the credit side,which is indented to the right.
• D)specifying each account affected by the transaction and classifying the account by type.

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Definitions:

Reagents

Components or substances employed in a system to provoke a chemical reaction or to determine if such a reaction happens.

Cyclohexanecarboxylic Acid

An aromatic carboxylic acid with a benzene ring substituted with a single carboxyl group (-COOH).

5-Bromopent-1-ene

An organic compound consisting of a five-carbon chain with a bromine atom on the first carbon and a double bond between the first and second carbons.

Ethyl Acetoacetate

An organic compound used as a reagent in organic synthesis, known for its role in the synthesis of various compounds through the Claisen condensation.