Question Completion Status: QUESTION 11 A credit memorandum from a bank indicates that they have decreased the depositor's cash balance. True False QUESTION 12 Sticky Tape Co. made an adjusting entry accruing interest on a note payable for the month of January in the amount of $600. The note required 12% per annum on the principal. The principal amount of the note payable must have been $60,000. True False QUESTION 13 The statement of financial position and the income statement are one and the same. True False QUESTION 14