Instructions: Each of the following statements is true or false. Indicate your choice by writing "T" for true or "F" for 2 false in the column to the right of the statement. 3 4 5 1 The chart of accounts is a list of all accounts used by a business. 2 A day by day listing of the transactions of a business is called a journal. 3 Only entries that affect cash may be recorded directly in the general ledger. 6 7 4 Entering the transactions in a journal is called journalizing. 85 A posting reference indicates a journal entry has been posted to the general ledger. 9 6 The general ledger is used to keep track of the current balance in each account. When making a journal entry, all debited accounts must be listed before any credited accounts are 10 7 listed. The account number used in the heading of the four-column ledger account is taken from the chart of 11 8 accounts and is used in the posting process. 12 9 It is necessary to post journal entries to the general ledger before preparing a trial balance. 13 T or F?