Q 3.2 : If an asset is increased , there must be a corresponding in another asset . Q 3.3 : What is a T-account ? Q 3.4 : Which of the following statements about credits is true ? Q 3.5 : Increases in liabilities must be entered on the right or Q 3.6 : An account shows a balance if the total of the debit amounts exceeds the credits . Q 3.7 : How must each transaction be recorded in the double-entry system ? Q 3.8 : The recording process in a journal is useful because ________. Select all that apply . Q 3.9 : Which of the following describes the standard form of a journal entry ? Q 3.10 : Which of the following is true in journalizing ? Q 3.11 : What is the entire group of accounts maintained by a company called ? Q 3.12 : What is the usual order of accounts in the general ledger ? Q 3.13 : The process of transferring journal entry amounts to ledger accounts is called . Q 3.14 : The first step in transferring journal entry amounts to ledger accounts involves Q 3.15 : On January 14 , Welsford Agency purchased supplies of $ 500 on account . The entry to record the purchase will include Q 3.16 : What is a list of accounts and their balances at a given time called ? Q 3.17 : Which of the following steps is NOT included in preparing a trial balance ? Q 3.18 : Journalizing with analyzing source documents to determine the effect of the transaction on the journal . Q 3.19 : A trial balance may balance even when which of the following occurs ? Select all that apply . Q 3.20 : When a company performs a service , even if it has not been paid for this service , it still creates