Question Completion Status: Assets decrease and expenses decrease. Expenses increase and liabilities increase. QUESTION 11 Posting is the process of: Analyzing the impact of the transaction on the accounting equation Listing all accounts and their balances at a particular date. Obtaining information about external transactions from source documents. Transferring the debit and credit information from the journal to individual accounts in the general ledger. QUESTION 12 Receiving cash from customers before services are performed results in: Deferred Revenues. Service Revenue. Prepaid Assets. Accounts Receivable. QUESTION 13 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? $52.000. $50,000. 560.000. $62.000. 327,00. $29,200. $14.500. QUESTIONS If a company has stockholders' equity of $60.000 at the end of the year, which of the following statements must be true? Total revenues during the year equal $60,000. The company has issued $60,000 of common stock Net income for the year equals $60,000. The company's assets exceed liabilities by 560,000. QUESTION 9 If the liabilities of a company increased by 555.000 during a month and the stockholders' equity decreased by 521.000 during that same month, did assets increase or decrease and by how much? $76,000 increase. $55,000 increase. $34,000 increase $34.000 decrease. QUESTION 10 On September 10, MFP Co. paid employee salaries of $7.000 owed to its employees last month. What are the effects of this transaction on the accounting equation? Assets decrease and liabilities decrease. Expenses decrease and liabilities decrease. Assets decrease and expenses decrease. Expenses increase and liabilities increase