6 A Post Closing Trial Balance generally includes revenue and expense accounts. True False QUESTION 7 The Income Statement is a theoretical statement. True False QUESTION 8 There are only six columns on the full worksheet. True False QUESTION 9 It is still necessary to prepare formal financial statements after the completion of the worksheet. True False QUESTION 10 It is not necessary to post the journal entries to the general ledger for adjusting and closing entries if a worksheet has been prepared and the entries have been properly placed in the general journal. True False