1- The first step of the accounting cycle is:
a) recording journal entries
b) posting to the ledger
c) preparing a trial balance
c) analyzing business transactions

2- Business transactions are first recorded in the:
a) ledger
b) journal
c) trial balance
d) balance sheet

3- When recording a transaction in a journal, the account listed first is always the:
a) debit
b) credit
c) increase
d) decrease

4- How are credits distinguished from debits in the journal?
a) a line separation
b) a different color
c) indenting
d) there is no distinction

5- The entry to record the payment of office salaries would be:
a) debit cash, credit accounts receivable
b) debit cash, credit salaries expenses
d) debit salaries expenses, credit accounts payable
d) debit salaries expenses, credit cash