9. Payment of a dividend: a decreases cash increases stockholders' equity b. decreases cash; decreases retained earnings c. increases expenses, decreases cash d. increases retained earnings increases expenses 10. If an expense is paid with cash: a. liabilities will increase. b. assets will decrease c. retained earnings will increase d. expenses will decrease. 11. If cash is received in advance from a customer a. liabilities will increase. b. stockholders' equity will decrease. c.assets will decrease. d. retained earnings will increase. 12. Retained Earnings is decreased by: a expenses b.assets C owner's investments drevenues The Trial Balance 13. Which of the following errors will cause a trial balance to be out of balance? The entry to record a payment on account was a. not posted at all. b. posted as a debit to Cash and a credit to Accounts Payable. c posted as a debit to Cash and a debit to Accounts Payable. d. posted as a debit to Accounts Receivable and a credit to Cash 14. When a trial balance balances, it is an indication that a. debits equal credits. b. all transactions have been journalized, c. the account balances are correct. d. all journal entries have been posted 3 of 3