$1.$ LO $5\mathrm{.}1$Which of the following accounts is considered a temporary or nominal account?

Fees Earned Revenue

Prepaid Advertising

Unearned Service Revenue

Prepaid Insurance

$2.$ LO $5\mathrm{.}1$Which of the following accounts is considered a permanent or real account?

Interest Revenue

Prepaid Insurance

Insurance Expense

Supplies Expense

$3.$ LO $5\mathrm{.}1$If a journal entry includes a debit or credit to the Cash account, it is most likely which of the following?

a closing entry

an adjusting entry

an ordinary transaction entry

outside of the accounting cycle

$4.$ LO $5\mathrm{.}1$If a journal entry includes a debit or credit to the Retained Earnings account, it is most likely which of the following?

a closing entry

an adjusting entry

an ordinary transaction entry

outside of the accounting cycle

$5.$ LO $5\mathrm{.}1$Which of these accounts would be present in the closing entries?

Dividends

Accounts Receivable

Unearned Service Revenue

Sales Tax Payable

$6.$ LO $5\mathrm{.}1$Which of these accounts would not be present in the closing entries?

Utilities Expense

Fees Earned Revenue

Insurance Expense

Dividends Payable

$7.$ LO $5\mathrm{.}1$Which of these accounts is never closed?

Dividends

Retained Earnings

Service Fee Revenue

Income Summary

$8.$ LO $5\mathrm{.}1$Which of these accounts is never closed?

Prepaid Rent

Income Summary

Rent Revenue

Rent Expense

$9.$ LO $5\mathrm{.}1$Which account would be credited when closing the account for fees earned for the year?

Accounts Receivable

Fees Earned Revenue

Unearned Fee Revenue

Income Summary

$10.$ LO $5\mathrm{.}1$Which account would be credited when closing the account for rent expense for the year?

Prepaid Rent

Rent Expense

Rent Revenue

Unearned Rent Revenue

$11.$ LO $5\mathrm{.}2$Which of these accounts is included in the post$-$closing trial balance?

Sales Revenue

Salaries Expense

Retained Earnings

Dividends

$12.$ LO $5\mathrm{.}2$Which of these accounts is not included in the post$-$closing trial balance?

Land

Notes Payable

Retained Earnings

Dividends

$13.$ LO $5\mathrm{.}2$On which of the following would the year$-$end Retained Earnings balance be stated correctly?

Unadjusted Trial Balance

Adjusted Trial Balance

Post$-$Closing Trial Balance

The Worksheet

$14.$ LO $5\mathrm{.}2$Which of these accounts is included in the post$-$closing trial balance?

Supplies Expense

Accounts Payable

Sales Revenue

Insurance Expense

$15.$ LO $5\mathrm{.}3$If current assets are $$112,000$ and current liabilities are $$56,000,$ what is the current ratio?

$200$ percent

$50$ percent

$2\mathrm{.}0$

$$50,000$

$16.$ LO $5\mathrm{.}3$If current assets are $$100,000$ and current liabilities are $$42,000,$ what is the working capital?

$200$ percent

$50$ percent

$2\mathrm{.}0$

$$58,000$