Question: If anyone could help it would be appreciated. I am not sure if my answers are correct? 2. Understanding the closing process. Examine the following

If anyone could help it would be appreciated. I am not sure if my answers are correct?

2. Understanding the closing process. Examine the following list of accounts:

Note Payable

Accumulated Depreciation: Building

Alex Kenzy, Drawing

Accounts Payable

Product Revenue

Cash

Accounts Receivable

Supplies Expense

Utility Expense

Which of the preceding accounts

a. appear on a post-closing trial balance? Note Payable-Accumulated Depreciation: Building- Accounts Receivable-Accounts Payable-Cash

b. are commonly known as temporary, or nominal, accounts? Alex Kenzy, Drawing-Product Revenue-Utility Expense-Supplies Expense

c. generate a debit to Income Summary in the closing process? Supplies Expense-Utility Expense

d. are closed to the capital account in the closing process? Alex Kenzy, Drawing

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