Question: Please help finding which is the correct answers for all these questions.6,7,8 and 10? 4 pts Question 6 Balance sheet accounts represent amounts accumulated during


4 pts Question 6 Balance sheet accounts represent amounts accumulated during a specific period of time are called real accounts have zero balances after the closing entries have been posted are not affected by adjustments Question 7 4 pts to close There are four closing entries. The first one is to close revenues, the second one expenses, the third one is to close and the last one is to close the Income Summary; dividends account Income Summary; common stock account Income Summary: assets O dividends account: Income Summary Question 8 4 pts The statement of retained earnings should be prepared before the income statement and after the balance sheet o before the income statement and balance sheet after the income statement and balance sheet O after the income statement and before the balance sheet Question 10 4 pts The journal entry to close the Fees Earned $750, and Rent Revenue, $175, accounts during the year-end closing process would be: Dec. 31 Fees Earned 750 a. Rent Revenue 175 Income Summary 925 o 925 Dec. 31 Income Summary Fees Earned b. 750 Rent Revenue 175 o Dec. 31 Revenues 925 C. Income Summary 925 Dec. 31 Ingame Summary 925 d. Revenues 925
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