need help 7 through 15 most of them or either multiple choice or Teue or false

3. 7. On the last day of its accounting period, Haskins Company purchased $900 Office furniture on account. This transaction will affect: a. Income Statement only b. Cash flow statement only Balance sheet only d. Income statement and owner's equity only e. None of the above 8. T. F. Transactions are economic events that impact a company that are recorded by accounts. 9. T. F. Monetary unit assumption states that the only transaction that an accountant records are those that can be expressed in money terms. 10. T. F. Accounting information gets its relevance and utility because it is capable of making a difference in any investor's decision. 11. Debits: a. Increase both assets and expenses b. Decrease both assets and liabilities c. Increase assets but decrease liabilities d. A. and Conly e. None of the above. 12. Accounts that have normal debit balances are: a. Assets, expenses, and liabilities b. Assets, expenses and owner's equity C. Assets, liabilities, and owner's drawings @ Assets, owner's drawings and expenses e. None of the above. 13. A ledger : a. Contains only assets and liabilities b. Should show accounts in alphabetical order c. is a collection of the entire group of accounts maintained by a company d. is a book of original entry. e. None of the above 14. Posting: a. Normally occurs before journalizing b. Transfers ledger entries to the journal c. is an optional step in the recording process d. Transfers journal entries to the respective ledger accounts. e. None of the above 15. T, F. A trial balance lists all the balances of accounts in the general ledger that are reported at appoint in time, for determining the inaccuracy of postings