Question Completion Status: QUESTION 1 Retrievable documentation for every transaction and the basis for preparing financial statements are the two basic core elements of a proper O accounting system database structure accounting equation O contra account QUESTION 2 If you sell $3,000.00 worth of clothing at your boutique, in which account would you post this amount to reflect the transaction? Revenues Liabilities Equity Expenses QUESTION 3 The collection of all accounts in an accounting system is called the o general ledger O debit financial statement O accounting equation QUESTION 4 When asset, expense, and dividend accounts have more debits than credits, they are said to have a normal debit balance. O general ledger balance. normal credit balance. contra account balance