centralgatech.blackboard.com -FINAN. Apply Winged Eyeliner Like a QUESTION 4 The work sheet is a working paper that accountants can use to summarize adjusting entries and the account balances for the financial statements. True False QUESTION 5 All companies must use a calendar year as their fiscal year False QUESTION 6 It is not necessary to post the closing entries to the general ledger. True False QUESTION 7 Real accounts are not permanent accounts. True False QUESTION 8 Assets, liabilities, and owner's capital are real accounts and do not get closed at the end of the period. True