61 3 points A trial balance is O The first step in the accounting cycle. A list of all accounts with their balances Another name for the chart of accounts. Another name for the balance sheet 62 3 points A business borrows cash from a bank. What effect does this have on the accounting equation? O Asset increase, liabilities increase, and no effect on stockholders' equity. Assets increase, no effect on liabilities, and stockholders equity increases Assets decrease, abilities decrease, and no effect on stockholdersequilty. Assets decrease, nd effect on abilities, and stockholders' equity decreases 63 3 points The financial statement that reports the resources a business owns as well as the amount of claims against those resources on a particular day is called what? O Income Statement O Statement of Retained Earnings Balance Sheet Statement of Assets