The three steps in transaction analysis are: a. Determine what accounts are affected, what their balance is and how much they have changed. Determine what accounts are affected, what classification the accounts are and how their balance has changed up or down. Check the chart of accounts, determine if the entry is a Dr. or Cr., determine if the balance is going up or down All of the above. __;_ A Deferred Revenue is: a. A revenue that has been received and earned. A revenue that will not be collected in the future. A revenue that has been received, but is a liability until earned. A revenue that has been earned but not received