1. Which of the following accounts in the Adjusted Trial Balance columns of the end-of-period spreadsheet (work sheet) would be reported on the statement of stockholders' equity? Answer 1. Utilities Expense 2. Rent Revenue 3. Dividends 4. Miscellaneous Expense 2. Which of the following accounts would be classified as a current asset on the balance sheet? Answer 1. Office Equipment 2. Land 3. Accumulated Depreciation 4. Accounts Receivable 3. Which of the following accounts would not be closed to the retained earnings account at the end of a period? Answer 1. Fees Earned 2. Wages Expense 3. Rent Expense 4. Accumulated Depreciation 4. Which of the following accounts would not be included in a post-closing trial balance? Answer 1. Cash 2. Fees Earned 3. Accumulated Depreciation 4. Retained Earnings 5. Which of the following steps of the accounting cycle precedes the journalizing and posting of adjusting entries? 1. A post-closing trial balance is prepared. 2. An unadjusted trial balance is prepared. 3. Financial statements are prepared. 4. An adjusted trial balance is prepared