5. The closing entry for an expense account would A. Debit Income Summary and credit the expense B. Debit the expense and credit Income Summary C. Credit Retained Earnings and debit the expense D. Credit Revenue and debit the expense 6. Which account will appear on an after-closing trial balance? A. Dividends. B. Prepaid Expenses. C. Retained Earnings, at the beginning of the period. D. Sales. 7. Which of the following items will usually not be disclosed in an annual report? A. Lawsuits pending against the business. B. Significant events occurring after the balance sheet date but before the financial statements are actually issued. C. Scheduled plant closings. D. All three of the above would be disclosed. Positive answers please