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Chapter 8 Test Name F. When all closing entries have been posted, a net income will be shown on the a. credit side of the Drawings account. b. debit side of the Capital account. c. credit side of the Capital account. (I. debit side of the Drawings account. G. The net income or net loss gure shown in the Income Summary account will also appear on a. the income statement. I). the worksheet. c. the balance sheet. (1. All of the above. H. Which of the following accounts is not closed out at the end of the accounting period? a. Wages Expense 1). Accounts Receivable c. Bank Charges (1. Drawings I. The last step in the basic accounting cycle is the a. nancial statements. b. post-closing trial balance. c. closing journal entries. d . adjusting journal entries. Km 2. The following accounts are in random order. Check( v' )the columns in which these accounts would appear on the worksheet. /10 Trial Balance Income Statement Balance Sheet C Example: Commission Revenue A. Office Furniture m _I-___ ___ _an_- F. Accounts Receivable _- G. Fees Earned _- H. PST Pa able _ 1. GST Recoverable _- J. J.P. Mor_an, Drawin_s _- E. Copyright 2013 Pearson Canada Inc. This page may have been modified from its original. 2