Candy Cane opened an ice cream store on June 1 and hired an accounting intern to help her establish the business. The intern has identified the following transactions. Which of these transactions is not an accounting transaction? Multiple Choice Purchased $3,400 of milk and cream from a local dairy by paying cash O Signed a contract to deliver $1.200 of ice cream for a July ath party no payment has yet been received Borrowed money from the bank by signing a promissory note for $5,000 Pald June rent of $2,300 Transactions are first entered in the Multiple Choice chart of accounts. T-accounts ledger trial balance. How do debits appear in a T-account? Multiple Choice They are listed on the right side for asset accounts, but listed on the left side for liabilities and stockholders' equity accounts They are always listed on the left side of the account. They are listed on the left side for asset accounts, but listed on the right side for liabilities and stockholders' equity accounts They are always listed on the right side of the account The process of copying the information from the journal to the ledger is called Multiple Choice summarizing O posting. O preparing the trial balance balancing