All of the accrual adjusting entries include either a receivable or a payable account.

		true
		false

Revenue must be recorded in the accounting period in which it is earned, regardless of whether it has been received in cash yet.

		true
		false

Once closing entries have been made, the balance in the Retained Earnings account matches the end-of-month figure on the Retained Earnings Statement.

		true
		false

Which of the following accounts would not be closed at the end of the period:

		Service Revenue
		Interest Expense
		Accounts Payable
		Dividends

Which of the following accounts would appear on a Balance Sheet?

		Interest Expense
		Service Revenue
		Accounts Receivable
		Dividends