Which of the following accounts is not closed?
Accumulated Depreciation
B. Interest Revenue
C. Depreciation Expense
Dividends
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For 2016, Nestor Company had revenues in excess of expenses. Which statement describes Nestor's closing entries at the end of 2016(assume there is only one closing entry for both revenue and expenses)?
A. Revenue will be debited, expenses will be credited, and retained earnings will be debited.
B. Revenue will be credited, expenses will be debited, and retained earnings will be debited.
C. Revenue will be credited, expenses will be debited, and retained earnings will be credited.
D. Revenue will be debited, expenses will be credited, and retained earnings will be credited.
Which of the following accounts would not be included in the closing entries?
Accumulated Depreciation
B. Depreciation Expense
C. Service Revenue
D. Retained Earnings
A major purpose of preparing closing entries is to
A. zero out the liability accounts
B. close out the Supplies account.
C. update the Retained Earnings account.
D. adjust the asset accounts to their correct current balances.
(1) Remember no more than ten ounces of carry-on ____are allowed. (2) The man in the corner ____to having told a lie to the manager of the company. (3) Whatever difficulties we may come across, we will help one another to ____them. (4) He is too ____to shoulder this important task. (5) Walk along this ____, and you will find the hospital. (6) What is the ____of the Global Humanitarian Forum? (7) My father fills up the car with ____every two days. (8) The bread is made of a special kind of ____. (9) John often comes into ____with his boss. (10)I have a ____to talk too much when I’m nervous.