please answer all the questions immediately thankyou always

1. A journal entry that contains more than two accounts is called * (1 Point) O An erroneous journal entry O An adjusting journal entry O A compound journal entry O A posted journal entry 2. A sale on account would be recorded by (1 Point) Debiting assets Crediting assets Debiting revenue Crediting liabilities 3. A transaction caused an P 10.000 decrease in total assets. This could have been due to a/an: * (1 Point) O Payment of a note O Purchase of equipment for cash O Cash investment See by the owner Purchase of equipment on account 4. Which of the following is an item that is reportable in financial records of an entity? (1 Point) Change in personnel The value of goodwill earned through business operations Change in inventory costing method The value of human resources 5. When an enterprise chooses not to present properly classified Statement of Financial Position, how should assets and liabilities be presented? (1 Point) Assets and liabilities should be presented according to liquidity. Assets and liabilities should be presented alphabetically. Assets and liabilities should be presented according to magnitude. An enterprise is bays required to present properly classified Statement of Financial Position 6. First statement. A ledger is where the company initially records transactions and selected other events. Second statement: The "book of original entry" is also known as the journal. (1 Point) True True False. False True False False. True