1.)An account that is not closed at the end of the period is called a(n)

Expense account

Temporary account

Permanent account

Revenue account

2.) Under which of the following categories would Accounts Receivable appear?

Current assets

Current liabilities

Long-term assets

Long-term liabilities

3.) Which of the following accounts will be closed by debiting the Income Summary account?

Retained Earnings

Service Revenue

Accounts Receivable

Salaries Expense