A consecutive, twelve-month accounting period is called a(n) A. Accrual year B. Fiscal year C. Accounting year D. Adjusted year Which of the following accounts is not closed? A. Cash B. Fees Income C. Rent Expense D. Joan Wilson, Drawing Which of the following accounts is not a nominal account? A. Salaries Expense B. Moriah Paige, Drawing C. Rent Revenue D. Office Supplies Which of the following statements is correct? A. The cost of supplies used is reported on the Statement of Owner's Equity. B. The cost of supplies used represents an operating expense of the business. C. Accumulated Depreciation-Equipment is presented in the Liabilities section of a Balance Sheet D. At the time of their acquisition, prepaid expenses are recorded in expense accounts. Identify the item below that is not one of the steps in an accounting cycle. A. Prepare the financial statements B. Prepare the post-closing trial balance C. Journalize and post the adjusting entries D. Prepare invoices for customers