QUESTION 11 Interest expense appears in which financial statement? OA Statement of stockholders' equity OB.Balance sheet C. Income statement D.Statement of cash flows OE All of the above QUESTION 12 An accrual of wages expense would have what effect on the balance sheet? OADecrease liabilities and increase equity B. Increase assets and increase liabilities C. Increase liabilities and decrease equity OD.Decrease assets and decrease liabilities E. None of the above QUESTION 13 A company records an adjusting journal entry to record $10,000 depreciation expense. Which of the following describes the entry? OA Debit Property Plant and Equipment and Credit Depreciation expense OB Debit Depreciation expense and Credit Property Plant and Equipment Debit Property Plant and Equipment and Credit Cash D Debit Depreciation expense and Credit Cash Debit Net Income and Credit Property Plant and Equipment QUESTION 14 Which of the following accounts would not appear in a closing entry? Interest expense . Accumulated depreciation OC-Cost of goods sold OD Dividends OE Both B and D