225.A record containing all the separate accounts for a company as well as all of their balances is called the ___________________.
226._____________________________ requires that each transaction affect, and be recorded in, at least two accounts. It also means that total amounts debited must equal total amounts credited for each transaction.
227.The _____________________ is found by determining the difference between total debits and total credits for an account, including any beginning balance.
228.To increase an asset account we would _______________ it and to increase a liability account, we would ______________ it.
229.Funky Music purchased $25,000 of equipment for cash. The Equipment asset account is _______________ for $25,000 and the cash account is _______________ for $25,000.
debited; credited
230.Jackson Brown Footwear had total liabilities of $130 million and total assets of $375 million. Its debt ratio was _______________.
231._______________ is the process of transferring journal entry information from the journal to the ledger.
232.A ____________ gives a complete record of each transaction in one place, and shows debits and credits for each transaction.
233.A more structured format that is similar to a T-account in that it has columns for debits and credits, but that is different in that it has columns for transaction date, explanation, and the account balance is the _____________________.
234.The posting process is the link between the _______________ and the _____________.
235.You increase the
Service Revenue
account on the ___________ side of its account.
236.You decrease the
Accounts Payable
account on the ___________ side of its account.