Question 1 Not yet answered Marked out of 2.00 If services are rendered for credit, then Select one: a. liabilities will increase. b. equity will decrease. c. liabilities will decrease. d. assets will increase. CLEAR MY CHOICE Question 2 Not yet answered Marked out of 2.00 The trial balance Select one: a. Is a listing of all the accounts and their balances in the order the accounts appear on the O statement of financial position. b. Has as its primary purpose to prove (check) that all journal entries were made for the period, c. Is used to prepare the statement of financial position while the general ledger is used to prepare the income statement d. Can be used to uncover errors in journalizing and posting. CLEAR MY CHOICE