2.Which of the following is true regarding the flow of information from the adjusted trial balance on the end-of-period spreadsheet?

a. The revenue and expense account balances flow into the income statement.

b. The asset and liability account balances flow into the statement of owner's equity.

c. The revenue and expense account balances flow into the statement of owner's equity.

d. The owner's equity and drawing account balances flow into the balance sheet.

13.The journal entry to record an owner withdrawal of funds for personal use includes a

a. credit to the owner's drawing account.

b. debit to the owner's drawing account.

c. credit to the owner's capital account.

d. debit to the owner's capital account.