Adjusting entry for accrued expense includes a debit to Expense and a credit to Liability. True False The revenue recognition principle dictates that revenue be recognized in the accounting period in which cash is received. True False The list of current assets in the Statement of Financial Position would normally have accounts receivable listed after prepaid expenses. O True O False Even if the post-closing trial balance balances, there is no guarantee that the closing of the nominal accounts is properly done. O True False A worksheet cannot be prepared for a business that experienced a net loss. O True False