Please answer all 4. If you cant please leave it for someone who can. Cheggs policy is 4 question per post not 1. Thank you!!

Which of the following statements is incorrect? Revenues, expenses, and retained earnings are reported in the income statement. Statement of cash flows reports operating, financing, and investing activities. The elements of the accounting equation are reported in the balance sheet. Statement of stockholders' equity reports common stock, retained earnings, and dividends. How does paying cash for salaries expense affect the accounting equation? Decrease liabilities and increase stockholders' equity Increase liabilities and decrease stockholders' equity Decrease assets and decrease stockholders' equity Increase assets and increase liabilities For utility bills received but not paid at the end of the month, which of the following should be recorded Debit Utility Payable and credit Cash Debit Cash and credit Utility Expense Debit Utility Expense and credit Utility Payable O Debit Utility Expense and credit Cash Paying cash for the insurance coverage for the next 12 months should be recorded as Debit Prepaid Insurance and credit Cash Debit Insurance Expense and credit Cash Debit Insurance Expense and credit Insurance Payable Debit Prepaid Insurance and credit Insurance Payable