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11. The following accounts are listed in order ofliquidity...A. Current AssetsB. Current LiabilitiesC. Both A and BD. Long-term assetsE. none of the above13. Retained earnings are found on the...A. Balance SheetB. Income StatementC. Neither A nor BD. Noth A and B15. A credit entry has the following effect on a liabilityaccount..A. IncreasesB. DecreasesC. No effect17. Goldstone LLC purchases a machine on credit a liabilityaccount increases and...A. An asset account increasesB An asset account decreasesC. An owner's equity account decreasesD. None of the Above18. The adjusting entry dealing with prepaid rent, debits andowner's equity account and credits which type of account?A. AssetB. LiabilityC. Owners EquityD. None of the above19. Greenway LLC purchased equiptment on credit. The Equipmentaccount increases and ...A. A liability account decreasesB. A liability account increasesC. An asset account decreasesD. None of the above