Which of the following is true regarding the flow of data from the Adjusted Trial Balance columns of the end-of-period spreadsheet to the financial statements? The balance of the owner's capital account will flow into the balance sheet. The balance of the accumulated depreciation account will flow into the income statement. The balance of the owner's drawing account will flow into the statement of owner's equity. The balance of the revenue account will flow into the statement of owner's equity. Question 4 In the sequence of accounting cycle steps, which step follows the preparation of the adjusted trial balance? Adjusting entries are journalized and posted. The optional end-of-period spreadsheet is prepared. Financial statements are prepared. (D) Closing entries are journalized and posted to the ledger