JESTION 9 29. Which of the following statements is/are TRUE 1. The balance in the retained earnings account in the adjusted trial balance is the same as the amount of the retained earnings on the statement of financial position for this financial year 2. The amounts appearing on an income statement should agree with the amounts appearing on the post-closing trial balance 3. The total amount of debits on the adjusted trial balance will equal the amount of assets on the statement of financial position A None of the above statements is true . Statement 1 C Statement Statement 3 QUESTION 10 Q10. Leilani Company accepted a national credit card for a $12,500 purchase. The cost of the goods sold is $10,000. The credit card company charges a 3% fee. What is the impact of this transaction on net income? A Increase by $2,425 . Increase by $2.500 C Increase by $2,125 D Increase by $12.125 Clos Save All Answers Click Save and Submit to save and submit. Click Save All Answers to save all answers