1. 4. 2. Closing entries Closing process Closing the books 5. Real (permanent) accounts Second closing entry Temporary (nominal) account 3. 6. A. Accounts that report amounts for only one period. B. Term for balance sheet accounts because they are relatively permanent and carried forward from year to year. C. The entries that transfer the balances of the revenue, expense, and drawing accounts to the owner's capital account. D. The process of transferring temporary accounts balances to permanent accounts at the end of the accounting period. E. The second journal entry of the closing process that transfers the owner's drawing account balance to the owner's capital account F. The transfer process of converting temporary account balances to zero by transferring the revenue and expense account balances to the owner's capital account, and transferring the owner's drawing account to the owner's capital account