ginning Retai Earnings 100. Ir during year, Dw paid dividends of SA,300 income was the ending Retained Earnings and had A. Br S69.300. C. S73.600. D, S77,900. 8, Liabilities can be best described as: A. The amount of services provided to customers during the year. The amount expected to be distributed to stockholders. C. The amount owed to creditors. D. amount expenses over the past year. statements listed? 9. Which of the following is the correct order for preparing the financial sheet. Statement of stockholders' equity, income statement, and balance B. sheet, C, alance sheet, income statement, and statement of stockholders' equity. D. Income statement, statement of equity, and balance sheet. 10. Which statement below best describes the accounting equation? those resources. of the company equal creditors and owners' claims to B. The change in retained earnings equals net income less dividends. C. Revenues Expenses Net Income, D. Equality of revenue and expense transactions over time. 11. Purchasing office supplies on account will: equity. A. Increase assets and increase stockholders' B. Increase assets and increase liabilities. C. Not change assets. D. Increase assets and decrease liabilities. balance and are shown in the 12. Assets normally carry a A. Debit; Statement of stockholders' equity B. Credit: Balance sheet C. Debit; Balance sheet D. Debit: Income statement increase to a liability acco 13, An increase to an asset account is shown with a An shown with a A. Debit: Debit B. Debit: Credit C. credit: Credit D. Credit: Debit