The first step of journalizing an entry is to:

Question

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The first step of journalizing an entry is to identify each account affected and its type. This helps ensure the accuracy and completeness of the transaction record. The other options may come later in the journalizing process, such as recording the transaction in the journal (D) or posting the accounts to the ledger (A). Determining whether each account is increased or decreased (C) is important, but comes after identifying the accounts affected.

The First Step of Journalizing an Entry Is To