Which of the following increases stockholders' equity? Providing services to clients with payment received immediately Purchasing supplies for cash Receiving payment in advance from a client for service to be performed in the future Collecting an amount owed by a client on account The accounting equation states: Assets + Liabilities = Stockholders' Equity Assets = Liabilities - Stockholders' Equity Assets = Liabilities + Stockholders' Equity Assets + Stockholders' Equity = Liabilities None of the above The economic resources of an entity that can be usually expressed in monetary terms are called? Stockholders' equity Revenues Liabilities Assets None of the above Which one of the following is not a key linkage among the four primary financial statements? The expenses in the income statement link to the total liability balance. The statement of cash flows links to ending cash balance reported on the balance sheet. The income statement links to the ending retained earnings in the statement of retained earnings. The statement of retained earnings links to ending retained earnings on the balance sheet. Which of the following journal entries will record the payment of a $1, 700 accounts payable original incurred for Office Supplies? Debit Cash; credit Accounts Payable Debit Accounts Payable; credit Cash Debit Office Supplies; credit Cash Debit Office Supplies; credit Accounts Payable What is the major difference between the unadjusted trial balance and the adjusted trial balance? The adjusted trial balance will show the net income (loss) as an additional account. Unlike the adjusted trial balance, the unadjusted trial balance will continue with the end- of-period processing even if it is not in balance. The adjusted trial balance includes the postings of the adjustments for the period in the balance of the accounts. The adjusted trial balance will be used to record the adjustments for the period