15. Which of the following columns is NOT needed to journalize a transaction? a. Ledger transaction columns b. Date of the transaction c. Account titles and explanation of transaction d. Debit column 16. The entire group of asset, liability and owner's equity accounts held by a company is called the: a. General ledger b. Incomic ement c. Cash flow statement d. Retained earnings statement 17. Transferring entries from the journal to the ledger is called: a. Income recording b. Managerial accounting c. Posting d. Ethics accounting 18. The check to make sure that our debits and credits are equal is called a: a. Transaction analysis b. Trial balance c. Balance sheet d. Income statement 19. The says we record only transactions that can be measured in money. a. Monetary assumption b. Economic entity assumption c. Historic cost principle d. Good faith assumption