Dividends are:

a$.$ recorded on the income statement.

b$.$ recorded as assets.

c$.$ increased with a credit.

d$.$ decreases on the retained earnings statement.

Items such as a sales slip, a check, a bill, or a cash register document are

examples of:

a$.$ balance sheet accounts.

b$.$ income statement accounts.

c$.$ cost of goods sold.

d$.$ source documents.

The process of entering transaction data into the journal is called:

a$.$ posting.

b$.$ journalizing.

c$.$ balancing.

d$.$ none of the above.