The process of initially recording a business transaction is called a. closing b. posting c. journalizing d. balancing 14. Which of the following entries records the acquisition of folic supplies on account? a. Office Supplies, debit; Cash, credit b. Cash, debit; Office Supplies, credit c. Office Supplies, debit; Accounts Payable, credit d. Accounts Receivable, debit; Office Supplies, credit 15. Which of the following entries records the collection of cash from cash customers? a. Fees Eamed, debit; Cash, credit b. Fees Earned, debit; Accounts Receivable, credit c. Cash, debit; Fees Eamed, credit d. Accounts Receivable, debit; Fees Eamed, credit 16. All of the following accounts are increased with a debit except a. Unearned Revenues b. Land c. Accounts Receivable d. Cash 17. The process of transferring the debits and credits from the journal entries to the accounts is called a. sliding b. transposing c. journalizing d. posting 18. Which of the following is not a useful strop in finding errors on the trial balance? a. Determine the difference between debits and credits and look for the amount. b. Determine the difference between debits and credits and change any account to make the trial balance correct. c. Determine the difference between debits and credits. the amount by 2, and look for the amount. d. Determine the difference between debits and credits, divide the amount by 9, and if it divides evenly, look for a transposition or slide error