Which of the following is the first step in the accounting cycle? Record the transactions by entering them in the general journal Post the journal entries to the ledger and prepare a trial balance Adjust the accounts and prepare an adjusted trial balance Analyze business transactions from source documents When a service has been performed, but no cash has been received, which of the following statements is true? The entry would include a debit to Accounts Receivable The entry would include a debit to Accounts Payable The entry would include a credit to Unearned Revenue No entry is required until the cash is received Receiving cash from a customer for settlement of an Accounts Receivable will: Not affect total assets Increase total assets Decrease owner's equity Increase net income