Select the appropriate term to complete the statements below.

is a temporary account that contains a credit for total revenues $($and gains$)$ and a debit for total expenses $($and losses$).$

transfer end$-$of$-$period balances in expense, withdrawals, and revenue accounts to the capital account.

Wages expense would be considered a

account, because it is closed at period$-$end.

Cash would be considered a

account, because it is not closed at period$-$end.