True or False: If a revenue account is credited, the revenue account.1 Ois increased 2. Transactions are entered in the ledger accounts and then transferred to journals 3. When a business makes a cash payment, the cash account is always debited() 4. Each transaction has Receiving side, Giving side ) Multiple Choices: 1. The accounting process of copying a transaction from the journal to the ledger is called: a. Posting b. Footing. c. Proofing .d. Journalizing 2. The left side of an account is a. blank. b. a description of the account. c. debit side. d. the balance of the account 3. Credits: a. decrease both assets and liabilities. b. decrease assets and increase liabilities. c. increase both assets and liabilities. d. increase assets and decrease liabilities. 4. Which of the following statements is not true? a. Expenses increase owner's equity. b. Expenses have normal debit balances. c. Expenses decrease owner's equity. d. Expenses are a negative factor in the computation of net income. 5. Which of the following journal entries would be recorded if a business renders service and receives cash of $400 from the customer