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 Incorrect Question 9 0/1 pts There are two closing entries

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 Incorrect Question 9 0/1 pts There are two closing entries. The first one is to dose the second one is to close dividendes and reven revenue and experies dividendi este comenci stuck retained eaningsdividends Incorrect. Permanent accounts are not closed during the dosing process, Retained Earnings will not be closed in the closing process Which of the following accounts should be closed to Retained Earnings at the end of the fiscal year? Accumulated Depecon Prepaid Advertising Utilities Expense Uneamed Fees Incorrect. Permanent accounts are not closed during the closing process. Incorrect Question 3 0/1 pts The credit or debit to Retained Earnings in the first closing entry the mount of expenses for the period is the amount of revenues for the period. Incorrect. The amount will be the difference between the revenues) and expenses, zero is the amount of the income or on for the period Incorrect Question 8 0/1 pts The entry to close the insurance Expense account at the end of the accounting period would include a a credit to Insurance Expense a debit to Insurance Expense. Incorrect. Expenses have normal debit balances. Therefore, in order to bring an expense account balance to zero (close the account the amount must be debited Credit to Presidence debito Prevald Insurance