Question: Click to watch the Tell Me More Learning Objective 3 video and then answer the questions below. 1. The following accounts are dosed at the
Click to watch the Tell Me More Learning Objective 3 video and then answer the questions below. 1. The following accounts are dosed at the end of the accounting period except a. revenue b. expenses c. withdrawals d. capital 2. Which account will not appear on the post-closing trial balance? a. Revenue b. Cash c. Accounts Receivable d. Accounts Payable ho 3. The journal entry required to close the Drawing account is a. a debit to Income Summary account and a credit to Drawing account b. a debit to Capital account and a credit to Drawing account c. a debit to Capital account and a credit to Cash account d. None of these choices are correct
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