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The first step in posting involves Question 9 On June 1, 2015 Ted Leo buys a copier machine for his business and finances this purchase with cash and a note. When journalizing this transaction, he will Question 10 Which of the following are the same under both GAAP and IFRS? Question 11 The final step in the recording process is to transfer the journal information to the Question 12 At January 31, 2015, the balance in Aislers Inc.’s supplies account was $750. During February, Aislers purchased supplies of $900 and used supplies of $1,125. At the end of February, the balance in the supplies account should be Question 13 Transactions in a journal are recorded in Question 14 The final step in solving an ethical dilemma is to Question 15 Accounting consists of three basic activities which are related to economic events of an organization. These include