7) A chart of accounts does NOT include a) assets c) owners equity b) liabilities d) names of customers 8) The accounts in the chart of accounts are arranged in? a) alphabetical order c) date order b) numerical order d) any order 9) The posting reference column of the journal provides a cross reference between? a) ledger and accounts c) ledger and financial statement b) journal and ledger d) there is no cross reference 10) The item column in the general ledger is used for? a) account titles c) a description of the entry b) the balance of the account d) footings 11) If the credit balance of the Allowance for Doubtful Accounts account exceeds the amount of a bad debt being written off the entry to record the write-off against the allowance account results in: A) An increase in the expenses of the current period. B) An increase in current assets. C) A reduction in equity D) No effect on the expenses of the current period, E) A reduction in current liabilities