True or False

1. A general journal is a ledger containing all asset, liability, and stockholders' equity accounts.
2. A trial balance is a list of accounts and the account numbers that identify their location in the ledger.
3. An account is an individual accounting record of increases and decreases in specific assets, liabilities, and owner's equity items.
4. The financial statement that reports assets, liabilities, and stockholders' equity is the statement of cash flow.
5. Posting transfers ledger transaction data to the journal.
6. Service revenue is an account that will have a zero balance after closing entries have been journalized and posted
7. Adjustments for accrued revenues have a liabilities and revenues account relationship.