11 The formula to prepare the Balance Sheet is A. Assets Liabilities + Owner's Equity B. Beginning Capital Balance + (Net Income + Additional Investments) - Owner's Withdrawal C. Revenue - Expense D. Debits + Credits QUESTION 12 The formula to prpepare the single step Income Statement is A. Assets Liabilities + Owner's Equity B. Beginning Capital Balance + (Net Income + Additional Investment) - Owner's Equity C. Revenue Expenses D. Debits = Credits QUESTION 13 The worksheet is A. an accountants tool B. used to facilitate the period ending process C. both a & b D. neither a or b QUESTION 14 The Post Closing Trial Balance A. is prepared prior to the completion of the adjusting entries B. is prepapred immediately following the preparation of the adjusting entries C. is prepared prior to the completion of the closing entries D. is prepared after the completion of the closing entries