Chapter F4 43 6. Which of the following accounts should be closed to Income Summary at the end of the fiscal year? a. Dividends b. Accumulated Depreciation-Equipment c. Sales d. Accounts Payable 7. Which of the following accounts will be closed at the end of the fiscal year by debiting Retained Earnings? a. Salaries Expense b. Sales c. Dividends d. Accounts Receivable 8. Which of the following accounts will ordinarily appear in the post-closing trial balance? a. Salaries Expense b. Dividends c. Sales d. Capital Stock The maximum length of an accounting period is normally: a. 6 months b. 1 year c. 2 years d. 3 years The complete sequence of accounting procedures for a fiscal period is fre- quently called the: a. work sheet process b. opening and closing cycle c. accounting cycle d. fiscal cycle 9. 10