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