39- the first step of the accounting cycle is:

a) recording journal entries

b) posting to the ledger

c) preparing a trial balance

c) analyzing business transactions

40- business transactions are first recorded in the:

a) ledger

b) journal

c) trial balance

d) balance sheet

41- when recording a transaction in a journal, the account listed first is always the:

a) debit

b) credit

c) increase

d) decrease

42- how are credits distinguished from debits in the journal ?

a) a line separation

b) a different color

c) indenting

d) there is no distinction

43- the entry to record the payment of office salaries would be:

a) debit cash, credit accounts receivable

b) debit cash, credit salaries expenses

d) debit salaries expenses, credit accounts payable

d) debit salaries expenses, credit cash