What Is the First Step in the Journalizing Process

question 89

Multiple Choice

What is the first step in the journalizing process?

• A) Enter the transaction in the journal.
• B) Identify the transaction from source documents and other information.
• C) Determine what accounts will be affected and whether to debit or credit them.
• D) Post the transaction to the ledger.

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Definitions:

Natural Environment Type Phobias

Extreme fears of events or situations in the natural environment that cause impairment in one’s ability to function normally.

Situational Type Phobias

Extreme fears of situations such as public transportation, tunnels, bridges, elevators, flying, driving, or enclosed spaces.

Prepared Classical Conditioning

A form of learning in which a natural predisposition to learn certain associations over others is recognized, indicating an evolutionary preparation for learning.

Traditional Classical

A term typically associated with the arts and education, often referring to the Greco-Roman heritage and the study of ancient languages, literature, and philosophies.