13.04

Question 1 (1 point) Choose the answer. Match the term with the correct definition. ajournal entry that is used to close a temporary account and prepare it for the new fiscal year I accounts used to gather information until it is transferred to a permanent account 1_ I adjusting entries journal entries that are 2 recorded to update the general ledger accounts at the end of the fiscal period postclosing trial balance I 3. permanent accounts . 4. accounting cycle a trial balance prepared after the closing entries are posted I 5. closing entry accounts used to 6. temporary accounts I accumulate information from one fiscal period to the next a series of activities that I record the financial information for a business in a fiscal period