7:58 + Midterm Examination O 02:19:13 43 of 80 -/1 View Policies Current Attempt in Progress At the beginning of the fiscal year an entity's permanent and temporary accounts should all have a zero balance. True O False Save for Later Attempts: 0 of 1 used Submit Answer Google Chrome 37 FREE INSTALL AX coll Home Lumal myLaurent LUNET D2L 7:57 + Midterm Examination 02:19:28 42 of 80 View Policies Current Attempt in Progress Which of the following is not an example of an adjusting entry? Recording unpaid interest at year end relating to an outstanding loan balance at year end. Recording depreciation on office equipment purchased during the year. Recording the gain on the sale of equipment made during the year. Reducing the prepaid rent account for the portion of rent actually used. Save for Later Google Chrome 3.7 FREE INSTALL AX Home Luma Laurention LUNET D2L 8:00 + Midterm Examination O 02:17:00 41 of 80 -/1 View Policies Current Attempt in Progress The closing process includes the following journal entries: Dr. Revenues, Cr.R/E. Dr.R/E, Cr. Expenses. Dr.R/E, Cr. Dividends Declared. All of the above. None of the above. Save for Later Attempts: 0 of 1 used Submit Answer Get one audiobook each month and exclusive member-only savings on additional purchases SIGN UP AX Home mal mLaurentin LUNET D2L