3. Match each term related to closing entries with its description. 1. Closing entries 2. Permanent accounts 3. Temporary accounts 4. Post-closing trial balance 5. Adjusted trial balance Match each of the options above to the items below. Revenues, expenses, and dividends. List of permanent accounts and their balances. • Transfer of temporary balances to retained earnings. List of permanent and temporary accounts and their balances. Assets, liabilities, and stockholders ●

3. Match each term related to closing entries with its description. 1. Closing entries 2. Permanent accounts 3. Temporary accounts 4. Post-closing trial balance 5. Adjusted trial balance Match each of the options above to the items below. Revenues, expenses, and dividends. List of permanent accounts and their balances. • Transfer of temporary balances to retained earnings. List of permanent and temporary accounts and their balances. Assets, liabilities, and stockholders ●

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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