Which of the following is NOT part of the sequence to Closing Entries?

A. Close the expense accounts to Inventory

B. Close Dividends to Retained Earnings

C. Close Income Summary to Retained Earnings

D. All of the Above

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

Which of the following is seen on the Statement of Equity and Retained Earnings ?

A. Assets

B. Debt Obligations

C. Expenses

D. Dividends

Which of the following would be included under Assets?

A. Retained Earnings

B. Inventory

C. Wages Payable

D. Notes Payable