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19) Which of the following accounts would appear on the post-closing trial balance? A) Fees Eamed B) Wages Expense C) Owner's Capital D) Income Summary

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19) Which of the following accounts would appear on the post-closing trial balance? A) Fees Eamed B) Wages Expense C) Owner's Capital D) Income Summary 20) Which of the following sequence of actions describes the proper order in the accounting cycle? A) Journalize, post, close, prepare financial statements, adjust, and analyze transactions. B) Prepare financial statements, journalize, post, adjust, analyze transactions, close. C) Source documents, joumalize, post, adjust, prepare financial statements, close. D) Post, close, prepare financial statements, adjust, analyze transactions, and journalize. Day 16

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