5. A manager wants to know the book value of the firm's equipment. Which financial statement reports that information? A. Income statement B. Balance Sheet C. Both the income statement and the balance sheet D. Statement of Owner's Equity I 9. A manager wants to know the total accounts payable of the business. Which of the following financial statements reports that information? A. Statement of Owner's Equity B. Balance Sheet C. Income Statement D. Both the income statement and the balance sheet 12. A manager wants to know the cost of supplies used during the period. Which financial statement reports that information? A. Income Statement B. Statement of Owner's Equity C. Balance Sheet D. Both the income statement and the balance sheet 18. The entry to close the revenue account Fees Income requires a debit to Fees Income and a credit to Income Summary. True or False 20 After the closing entries are posted, the balance of the owner's capital account is equal to the Owner, Capital amount shown on the balance sheet. True or False