15. When a journal entry is made in the general journal,

Multiple Choice

• liability, capital, and revenue accounts should always be indented to the right.

• the accounts to be credited should be indented to the right.

• asset accounts should never be indented to the right.

• the first account entered should be indented to the right.

7. The total of the figures on the left side of a Cash account is $32,800. The total of the figures on the right side is $15,500. The balance of this account:

Multiple Choice

• is $17,300 and would be recorded on the left side of the account.

• is $48,300 and would be recorded on the right side of the account.

• is $17,300 and would be recorded on the right side of the account.

• is $48,300 and would be recorded on the left side of the account.