10. A/an shows the debit and credit transactions in each of a company's accounts and is used in the posting process. a. Income statement b. T-account c. Finance system d. Balance sheet 11. James Inc has $3000 on the credit side of accounts payable mid $1800 on the debit side. This account has a: a. Debit balance b. Mistake c. Credit balance d. Trial balance 12. Which of the following might be a direct source of revenue for a concert venue? a. Advertising creation and distribution b. Office staff salaries c. Maintenance and utilities d. Ticket sales 13. We debit an account when assets OR when liabilities a. Increase, increase b. Increase, decrease c. Decrease, decrease d. Decrease, increase 14. What is the first step in the recording process? a. Enter transactions in a journal b. Transfer information to the ledger c. Analyze each transaction to figure out what accounts are affected d. None of the above