Problem 2.10 Books in accounting a) What are the names of the "books" in accounting? and b) Which one is used first, which one second? First we book in the and then in the Problem 2.11 Compute final balances Compute the final balances on these accounts and indicate whether the resulting balance is a debit or a credit balance Cash 690 260 730 110 40 Accts Payable 320 460 130 70 180 210 Accts Receivable 500 310 270 120 90 40 debit or credit balance? debit or credit balance? debit or credit balance? Problem 2.12 Sequence of bookkeeping work Bring the following steps into the correct order, as a bookkeeper has to perform them. Enter the numbers 1 to 5 into the boxes to indicate the sequence. Analyze invoices and similar transaction documents to understand what to book Make journal entries of new transactions Making a trial balance Transfer to the general ledger Closing of accounts in the ledger