The first and most important step in the posting procedure is a. posting the amount. b. posting the date. c. posting the explanation. d. recording the posting reference information. info for # 9 the following activity for j. c. breneman management services took place on june 1, 20—. record these transactions on the journal form provided on the next page. received $3,290 in cash from the owner as an investment (receipt no. 1). borrowed $900 cash from inland bank for business expenses (memo 1). paid cash for supplies, $290 (check no. 1). paid cash for insurance, $1,000 (check no. 2). paid cash for equipment, $2,100 (memo 2). #9. the amounts that increase the cash account are entered in a. the debit column. b. the credit column. c. both debit and credit columns. d. either debits or credit columns. use the following information to answer questions 11–20. using the form below, prepare a chart of accounts for j. c. breneman management services. then post the journal entries from the general journal on page 7 to the ledger accounts provided on the following pages. division 1 division 2 division 3 1. assets j. c. breneman management services chart of accounts asset accounts liability accounts owner's equity accounts 2. liabilities 11-19 21-29 31-39 3. owner's equity account cash account no. 11 date item p. r. debit date item p. r. credit 11. what is the first account number used in the breneman management service chart of accounts? a. 1 c. 11 b. 21 d. 10 13. what is the account title used for owner’s equity? a. j. c.breneman, capital b. j. c.breneman, owner c. breneman management service, capital d. capital c. 2 d. 02 14. the account number 13 tells you that the account a. is the 13th account in the ledger. b. is the first account in the third division. c. is the third account in the first division. d. was posted on the 13th day of the month. 18. the first step in posting either a debit or a credit entry from the journal to the ledger is to transfer the a. amount. c. account number. b. explanation. d. date. 19. after posting the entries from the journal, the breneman management service ledger should have at least one debit entry in how many accounts? a. 4 c. 6 b. 5 d. 9 20. after posting the entries from the journal, the breneman management service ledger should have at least one credit entry in how many accounts? a. 2 c. 4 b. 3 d. 5