Assets may be categorized into which of the following?

A. Accounts Payable

B. Inventory

C. Interest Payments

Which of the following would be included under Assets?

A. Retained Earnings

B. Inventory

C. Wages Payable

D. Notes Payable

Which of the following is part of the sequence to Closing Entries?

A. Close the revenue accounts to Inventory Summary

B. Close the expense accounts to Income Summary

C. Close the Inventory Account

D. All of the Above

Credits are used on which of the following categories?

A. Assets

B. Liabilities

C. Shareholder's Equity

D. All of the Above