Answer the following Multiple-Choice Questions by choosing the correct answer among the proposed ones. SHOW ALL YOUR CALCULATIONS. 1. Source documents: A. Include the ledger B. Are the sources of accounting information C. Must be in electronic form. D. Are based on accounting entries. E. Include the chart of accounts. 2. A record of the increases and decreases in a specific asset, liability, equity, revenue, or expense is a(n): A. Journal B. Posting C. Trial balance. D. Account E. Chart of accounts. . An account used to record the owner's investments in the business is called a(n): A. Withdrawals account. B. Capital account C. Revenue account D. Expense account. E. Liability account. The account used to record the transfers of assets from a business to its owner is: A. A revenue account. B. The owner's withdrawals account C. The owner's capital account. D. An expense account E. A liability account 5. A debit: A. Always increases an account B. Is the right-hand side of a T-account. C. Always decreases an account D. Is the left-hand side of a T-account. E. Is not need to record a transaction. 6. The right side of a T-account is a(n): A. Debit. B. Increase C. Credit D. Decrease. E. Account balance 7. The primary objective of financial accounting is: A. To serve the decision-making needs of internal users. B. To provide financial statements to help external users analyze an organization's activities. C. To monitor and control company activities. D. To provide information on both the costs and benefits of looking after products and services. E. To know what, when, and how much to produce