. (TCO D) What is the correct order to create the financial statements?(Points : 3)

Balance Sheet, Income Statement, Statement of Retained Earnings, and Statement of Cash flows.

Statement of Cash flows, Balance Sheet, Statement of Retained Earnings, and Income Statement.

Income Statement, Statement of Retained Earnings, Balance Sheet, and Statement of Cash flows.

Income Statement, Balance Sheet, Statement of Retained Earnings, and Statement of Cash flows.

Question 5. 5. (TCO E) Which of the following describes the normal balance and classification of the Unearned Revenue account?(Points : 3)

Credit, liability Debit, liability Debit, stockholders equity Credit, stockholders equity

Question 6.6. (TCO F) Which of the following statements is correct?(Points : 3)

Accrual accounting records revenue when earned. Cash-basis accounting records revenue when earned. Accrual accounting records revenue when the payment is received in cash. Cash-basis accounting records expenses when incurred.