true and false

5. Assets being on the left and Liabilities and Equity on the right is a of the report form balance sheet. and Equity on the right is a characteristic 6. The adjusted trial balance is a list of accounts and balances after the entries have been recorded. 7. Adjusting entries only impact on cash when preparing adjusting entries reconciliations. 8. An adjusting entry for accrued revenues will increase an asset account usually a receivable and increase a revenue account