13) After posting the closing entries, which of the following accounts is most likely not to have a zero balance? A) J. Smith, Withdrawals B) Advertising Expense C) Medical Fees D) Prepaid Insurance 14) How do you close a revenue? A) Debit Income Summary; credit Revenue B) Debit Capital; credit Revenue C) Credit Income Summary; debit Revenue D) Credit Capital; debit Revenue 12) An account in which the balance is not carried over from one accounting period to the next is called a: A) real account. B) permanent account. C) zero account. D) temporary account. 10) The equipment is another year older. How will this affect the balance sheet? A) Owners equity will be increased. B) Liabilities will be decreased. C) Assets will be decreased. D) This has no effect on the period end balance sheet. Total wages per week are $500. You need to accrue $300 of wages. The adjusting entry would include which of the following? A.Debit Wages Expense, $200; credit Wages Payable, $200 B. Debit Wages Expense, $300; credit Cash, $300 C.Debit Wages Expense, $300; credit Wages Payable, $300 D.Debit Wages Expense, $500; credit Wages Payable, $500 9. To record the expiration of part of the lease (rent) will require an adjustment of: A.increasing the total assets and decreasing the total expenses at the end of the month. B. decreasing the total assets and decreasing the total expenses at the end of the month. C. decreasing the total assets and increasing the total expenses at the end of the month. D.increasing the total assets and increasing the total expenses at the end of the month