please answer 116 and if you can let me know if the rest was correct.

116) After the 2nd step Operag A) Cash in the Operating Cycle, the firm has? C) Receivable B) Inventory 117) A company has the following transactions: l, Pay employees' salaries for the current period. 2. Pay rent in advance. 3. Pay dividends to stockholders in the current 4. Receive (but do not pay) a utility bill. 5. Use supplies previously purchased. How many of these transactions accrual-basis accounting? hs result in an expense being reported in the current period using B) I an expense D) 2. A) 4 118) For a journal entry with only two lines, the following Decrease in Expense, Increase in Dividends. True 119) If the liabilities of booA) S76,000 increase. O U C) $55,000 increase. B) False a company increased by $55,000 during a month and the stockholders' equity 000 during that same month, did assets increase or decrease and by how much? ooo+ decreased by $21, B)$34,000 decrease. D) $34,000 increase. 120) The Accounts Payable account has a beginning balance of $12,000 and the company purchased $50,000 of supplies on account during the month. The ending balance was $10,000. How much did the company pay to creditors during the month? A) S50,000. B) S60,000. C) $52,000 D) S62,000 121) For a journal entry with only two lines, the following entry is valid: Decrease in a liability, Decrease in an Expense. A) False True 122) For a journal entry with only two lnes, the following entry is valid: Decrease in a liability, Increase in Dividends. A) True False 17