10. The double-entry system requires that each transaction must be recorded a. in two sets of books. b. in a journal and in a ledger c. in at least two different accounts. d. first as a revenue and then as an expense. 11. An accountant has debited an asset account for $1,500 and credited a liability What can be done to complete the recording of the transaction? a. Credit another asset account for S700. b. Credit another liability account for $800. c. Dredit an equity accont for $700. d. Dredit an equity accont for $800. account for $700. 12. The Unearned Service Revenue account is a(n) a. Revenue b. xpense c. Asset d. Liability 13. Electrelane Company showed the following balances at the end of its first year: $ 4,000 7,000 5,000 4,000 6,000 2,000 1,000 32,000 25,000 Cash Prepaid insurance Accounts receivable Accounts payable Notes payable Common stock Dividends Revenues Expenses What did Electrelene Company show as total credits on its trial balance? $9,000 b. $44,000 c. $45,000 d. $49,000 a