Question: Which financial statement is prepared first? O Balance sheet Statement of cash flows O Retained earnings statement Income statement QUESTION 15 Before month-end adjustments are

Which financial statement is prepared first? O Balance sheet Statement of cash flows O Retained earnings statement Income statement QUESTION 15 Before month-end adjustments are made, the December 2022 trial balance of Entity I contains revenue of $13,000 and expenses of $9,000 resulting in income before adjustments of $4,000. Indicate whether the following should be added, subtracted or would have no effect (NE) in arriving at accrual basis net income: Accrued interest revenue on a note receivable is $500. Added Subtracted NE

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