44. A company's ledger is:

Multiple Choice

A record containing increases and decreases in a specific asset, liability, equity, revenue, or expense item.

A journal in which transactions are first recorded.

A collection of documents that describe transactions and events entering the accounting process.

A list of all accounts a company uses with an assigned identification number.

A record containing all accounts and their balances used by the company.

45. Trimble Graphic Design receives $1,500 from a client billed in a previous month for services provided. Which of the following general journal entries will Trimble Graphic Design make to record this transaction?

Multiple Choice

Cash	1,500
Accounts Receivable		1,500

Cash	1,500
Unearned Design Revenue		1,500

Accounts Receivable	1,500
Unearned Design Revenue		1,500

Cash	1,500
Design Revenue		1,500

Accounts Receivable	1,500
Cash		1,500

46. A business's record of the increases and decreases in a specific asset, liability, equity, revenue, or expense is known as a(n):

Multiple Choice

Journal.

Posting.

Trial balance.

Account.

Chart of accounts.