Which of the following statements relating to the General Journal is incorrect? Select one: a. The General Journal contains the balances of all the accounts the business is using. O b. When transactions occur, they are first recorded in the General Journal and then posted to the General Ledger. c. The General Journal provides a record of the business transactions in chronological order. Od. The General Journal contains the full details of each transaction, i.e. both the debit and credit effects, listed next to each other.