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Problem 1. In a traditional accounting system all entries must be first put in:
a. the General Ledger
b. the Trial Balance
c. the General Journal
d. the Balance Sheet
e. none of the above
Problem 2. Entries are posted from the General Journal to:
d. entries are not posted from the General Journal
Problem 3. The Note Payable account is increased by:
a. an entry to the left side of the account
b. a Debit entry
c. a Credit entry
d. a Debit entry or a Credit entry depending on the type of transaction
Problem 4. The Equipment account is increased by:
a. an entry to the right side of the account
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