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15. What is the correct order for preparing financial statements (the river)? A) Balance sheet income statement statement of owner's equity B) Income statementstatement of

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15. What is the correct order for preparing financial statements (the river)? A) Balance sheet income statement statement of owner's equity B) Income statementstatement of owner's equity -> balance sheet C) Statement of owner's equity balance sheet income statement D) Balance sheet statement of owner's equity income statement 16. Which of the following is a financial statement that presents a business's accounting equation? Balance Sheet B) Income Statement C) Trial Balance D) Chart of Accounts 17. A debit always means a decrease, and a credit always means an increase. TRUE FALSE 18. Provide the expanded accounting equation and record each of the following transactions for Ez's Delivery Service under the appropriate accounts. See page 13 for an example. You do not have to balance until the end where you should total up each column and then balance the ending totals on each side of the equation. (Room provided on next page) a) Ez contributes $25,000 to the business. b) Ez's Delivery Service purchases $750 of office supplies on account. c) Ez's Delivery Service pays cash to purchase a delivery van for $22,250. d) Services are performed for clients and $5,000 cash is received. e) Ez's Delivery Service pays cash for office rent, $800, and utilities, $400. f) Ez withdraws $1,000 for personal use

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