Superscript letter A denotes assignments based on Appendix 4A Icon denotes assignments that involve decision making. Discussion Questions 1. What are the steps in recording closing entries? 2. What accounts are affected by closing entries? What ac- counts are not affected? 3. What two purposes are accomplished by recording closing entries? 4. What is the purpose of the Income Summary account? 5. Explain whether an error has occurred if a post-closing trial balance includes a Depreciation Expense account. 6. What tasks are aided by a work sheet? 7. Why are the debit and credit entries in the Adjustments col- umns of the work sheet identified with letters