plz answer these all true false

1 point Expenses that are paid by the company in advance (before being consumed) are called Accrued Expenses. * True False 1 point A trial balance is always correct and error-free as long as the debit and credit side balances, or in other words, are equal. * True False 1 point If I pay for an airline ticket 3 months before the flight takes off, this is considered as a liability by the airline company, but an asset in my books. * True False 1 point When a company purchases a piece of equipment, it is recorded as an Asset and the cost of this equipment is allocated to expense throughout its useful life through a process called Depreciation. * True False 1 point If you purchased $9,500 of equipment on account, the entry you will record on the journal would be - Debit Cash account $9,500 and Credit Equipment $9,500.* True False 1 point Prior to journalizing a transaction, it is very important to analyze the transaction to check if it affects the accounts or not. * True False 1 point One of the benefits of analyzing a financial transaction is that it helps to prevent or locate errors because the debit and credit amounts can be readily compared. * True False 1 point At the end of the accounting period, the company makes the accounts ready for the next period by closing the temporary accounts and making their balance zero. True False