The double-entry accounting system means The dual effect of each transaction is recorded with both debit and credit entries. Each item is recorded in a journal entry, then in a general ledger account. Each transaction is recorded with two journal entries. None of these answer choices are correct. Question 13 2 A general journal contains only adjusting entries. chronologically lists transactions and other events, expressed in terms of debits and credits. lists all the increases and decreases in each account in one place. contains one record for each of the asset, liability, stockholders' equity, revenue, and expense accounts. Question 14 2 A journal entry to record a payment of current month's utilities bill will include a credit to Utilities Payable. debit to Cash. credit to Utilities Expense. debit to Utilities Expense