Please answer all.

3:18 5GEO 6 Exit 1. On which financial statement will Income Summary be shown? balance sheet retained earnings statement income statement no financial statement 2. What would be the consequence of skipping the completion of closing entries? The financial statements could not be completed The daily transactions would not be correct It would not be easy to compare results of different accounting periods The adjusting entries could not be completed 3. 3. When closing Wage Payable, the balance is transferred to: LIABILITIES INCOME SUMMARY THE ACCOUNT IS NOT CLOSED ASSETS 4. When closing Fees Earned, the balance is transferred to REVENUES THE ACCOUNT IS NOT CLOSED ASSETS RETAINED EARNINGS 5. When closing Dividends, the balance is transferred to DIVIDENDS INCOME SUMMARY RETAINED EARNINGS THE ACCOUNT IS NOT CLOSED 6. When closing Prepaid Insurance, the balance is transferred to: INCOME SUMMARY THE ACCOUNT IS NOT CLOSED ASSETS REVENUES