ch4
Help!
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| which of the following accounts are temporary accounts that must be closed at the end of the year? | revenues, expenses, and withdrawals
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| to what accounts is the balance in the income summary closed ? | the capital account
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| there are four closing entries the first one is___, the 2nd is___, the third one__ the last one is___ | revenues, expenses, income summary, drawing account
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| unearned fee appear appear on the? | balance sheet as a current liability
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| which of the following do not show up on a post closing trial balance ? | revenues and expenses
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| which of the following entries will be necessary to close the insurance expense account at the end of the year | debit insurance expense & credit income summary
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| which of the following account groups are all considered temporary accounts | drawing account fees earned, rent expense
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| on which financial statement will income summary be shown | no financial statement
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| accumulated depreciation appears on the | balance sheet in the long-term liabilities section
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| the income statement will include the following accounts | reverse less expense(ordered largest to smallest amount with miscellaneous expense listed last.
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| which of the following measures a company's ability to pay current liabilities with current assets | current ratio
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| under which of the following categories would accounts payable ? | current liabilities
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| which of the following statements is true concerning the worksheet? | the worksheet is a document used to summarize data to prepare the financial statements
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| which of the following accounts would appear in the balance sheet credit column | unearned service revenue
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| after posting the second closing entry to income summary account the balance will be equal to? | the net income or (loss) for the period
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| which of the following accounts will be closed to the capital account at the end of fiscal year? | income summary
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| which is not example of a temporary account | accumulated depreciation
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Created by:
colecoe