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Flashcards; Learn; Test; Match; Q-Chat; Created by. credit allowed a customer for part of Week 4 Week 5 Week 6 Week 7 Week 8 Week 9 . An income statement reports information on a Study with Quizlet and memorize flashcards containing terms like The two steps for opening an account are writing the account title and recording the balance. Study with Quizlet and memorize flashcards containing terms like The first digit in the account number 520 means that the account is in the, When accounts are arranged in a general ledger, account numbers are assigned, and the chart of accounts is kept up to date, the accounting personnel are, The procedure for transferring information from a journal entry to a ledger Study with Quizlet and memorize flashcards containing terms like Times Interest Earned, Debt-to-Equity Ratio, Financial Accounting Chapters 9, 10, 11. a. REVISION. 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