Test O more Tavoratore thanaTESTCON 1.45 Question 2 ( 2 Points 2 Points C Which if the following is NOT true about closing entries? A Closing entries move the balances of nominal accounts to the owner's capital account. Gold Chile B Closing entries are an optional step in the accounting cycle. C Closing entries are made later in the accounting cycle than adjusting entries. Lock Bro D Closing entries are made before the post-closing trial balance is prepared. Ad | Acrot Question 3 2 Points In the sequence of accounting cyce steps, which step follows the preparation of the adjusted trial balance? JZZP Note A Adjusting entries are journalized and posted. w 97 minutes remaining Submit sted