Closed Accounts ( Chapter 3 & 4 ) Flashcards
1
Q
accounts payable
A
not closed to income summary
2
Q
accumulated depreciation-equipment
A
not closed to income summary
3
Q
depreciation expense-equipment
A
yes, closed to income summary
4
Q
equipment
A
not closed to income summary
5
Q
common stock
A
not closed to income summary
6
Q
dividends
A
not closed to income summary
7
Q
fees earned
A
yes, closed to income summary
8
Q
land
A
not closed to income summary
9
Q
supplies
A
not closed to income summary
10
Q
supplies expense
A
yes, closed to income summary
11
Q
wages expense
A
yes, closed to income summary
12
Q
wages payable
A
not closed to income summary
