1. Which of these accounts is not included in the post-closing trial balance?

a. Dividends

b. Land

c. Notes Payable

d. Retained Earnings

2. If current assets are $112,000 and current liabilities are $56,000, what is the current ratio?

a. 2.0

b. 200 percent

c. 50 percent

d. $50,000

3. If a journal entry includes a debit or credit to the Cash account, it is most likely which of the following?

a. an ordinary transaction entry

b. a closing entry

c. an adjusting entry

d. outside of the accounting cycle