The owner's claim on the assets of the company can be found in the revenues owner's equity liabilities assets section of the balance sheet. The investment of cash by the owner increases revenues. increases owner's equity. decreases expenses. O decreases assets. Which of the following is false about a journal? O It keeps in one place all the information about changes in specific account balances. It helps to prevent errors because debit and credit amounts for each entry can be readily compared. ○ It discloses the complete effect of a transaction. O It provides a chronological record of transactions. The usual sequence of steps in the transaction recording process is journalize, analyze, post in ledger. analyze, post in ledger, journalize. journalize, post in ledger, analyze. analyze, journalize, post in ledger. Which of the following accounts are not closed? O drawings accounts expense accounts revenue accounts asset accounts
