Match each concept with the best description below. Each concept may be used more than once, or may not be used at all. (a) The normal balance for liabilities (b) The first step in the recording process The procedure of transferring journal entries to the ledger accounts (d) A record of increases and decreases in a specific asset, liability, or owner's equity item (e) The left side of an account Credit Ledger Journal Debit Posting Trial balance Account Chart of accounts Analyzing transactions Journalizing (9) The entering of transaction data in the journal A list of accounts and their balances at a specific time Used to decrease the balance in an asset account (h) (0) A list of all of a company's accounts > 6) An accounting record where transactions are recorded in chronological (date) order