F ( T F 0. The statement of changes in owner's equity is prepared before the balance sheet. 1. The balance sheet is prepared from the information in the Balance Sheet section of the work sheet and from the statement of changes in owner's equity. 2. A net loss and withdrawals both cause an increase in the capital account. T IT F T F T F T 3. The balance sheet represents the basic accounting equation. 4. The wording of the date line in the heading on the income statement is important. 5. The balance sheet contains only the permanent general ledger accounts. 6. The statement of changes in owner's equity is completed as a supporting document for the income statement. 7. The sections listed on the income statement are the heading, the revenue for the period, the capital for the period, and the net income or loss for the period. 8. The primary financial statements prepared for a sole proprietorship are the income statement and the statement of changes in owner's equity. 9. The statement of changes in owner's equity shows the changes in the Cash in Bank T F T F T F account