1. Which of the following account groups are all considered temporary (nominal) accounts? - Capital Stock, Dividends, Income Summary - Prepaid Insurance, Property, Plant \& Equipment, Fees Earned - Cash, Retained Earnings, Wages Payable - Rent Revenue, Fees Earned, Miscellaneous Expense 2. Which accounts would be closed by posting a debit to the account? - Capital Stock, Dividends, Income Summary - Prepaid Insurance, Property, Plant \& Equipment, Fees Earned - Cash, Retained Earnings, Wages Payable - Rent Revenue, Fees Earned, Miscellaneous Expense 3. Which of the following accounts will not be closed at the end of the fiscal year? - Unearned Rent - Salaries Expense - Fees Earned - Depreciation Expense 4. Which of the following accounts appears in the post-closing trial balance? - Dividends - Fees Earned - Supplies Expense - Customer Refunds Payable 5. Which of the following accounts has a normal credit balance? - Delivery Expense - Sales Returns and Allowances - Merchandise Inventory - Sales 6. When merchandise is returned under the perpetual inventory system, the buyer would credit - Accounts Payable - Merchandise Inventory - Sales Returns and Allowances - Accounts Receivable