18. Which account bypasses the Income Summary account in the closing process? Leroy Allen, Withdrawals [B] Wages Expense D] Revenue from Services [C] Depreciation Expense 19. The entry to close the Withdrawals account is [A] debit Income Summary and credit owner's Withdrawals. [B] debit owner's Withdrawals and credit Income Summary [C] debit owner's Capital and credit owner's Withdrawals [D] debit owner's Withdrawals and credit owner's Capital. 20. The post-closing trial balance would not include which of the following accounts? [A] Owner's Capital B] Unearned Legal Fees [D] Owner's Withdrawals [C] Accumulated Depreciation, Office Equipment An adjusted trial balance proves the balance of the ledger accounts after the adjusting entries have been posted. [A] True B] False When expenses exceed revenues, a net loss occurs. [A] True (B] False