Answer:
The answer is 4. debit account entered first at the extreme left margin.
Explanation:
The table for entering journal entries is 'T' in shape. Hence, the reason why it is called T-acccount.
We have debit and credit on each side of the T-acccount.
On the extreme left margin, we have debit account which is always entered first and this side increases asset and expenses while it decreases liability, sales or revenue and shareholders'equity.
And on the extreme right margin, we have credit account which is always entered after debit side has been completed and this side decreases asset and expenses while it increases liability, sales or revenue and shareholders'equity.
