Question 20 (1 point) After a business transaction has been analyzed and entered in the journal, the next step in the recording process is to transfer the information to: the financial statements. the T accounts/ledger accounts. shareholders' equity. the trial balance. Question 21 (1 point) In preparing a bank reconciliation, outstanding cheques are deducted from the balance per books. added to the balance per bank. deducted from the balance per bank. added to the balance per books