6. The statement of owner's equity only calculates ending withdrawals. True or false? Please explain. 7. The right side of a T account is the a. increase side b. decrease side c. credit side d. debit side 8. a. Which of the following accounts has a normal credit balance? Office Equipment b. Salaries Expense c. Accounts Receivable d. Accounts Payable Although debits increase assets, they also 9. a. increase revenues b. increase expenses increase owner's equity c. d. increase liabilities What are the five steps of the transaction analysis chart? 5 Points 10. 11. A trial balance is a formal statement. True or false? Please explain