The __________ is where a transaction can first be found in the accounting records.

A) chart of accounts
B) income statement
C) balance sheet
D) journal

Chart of Accounts

An organized list of all the accounts in a company’s general ledger, used for recording transactions in the accounting system.

Income Statement

A financial document that reports a company's financial performance over a specific period, showing revenues, expenses, and net income or loss.

Balance Sheet

A balance sheet showing the total assets, financial obligations, and shareholders' equity of a company at a specific moment.