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19. A post-closing trial balance only reflects the balance sheet accounts. only reflects the changes during the year. shows every account has a zero balance does not show total debits equal total credits. 20. Which of the following is not true? a. All information from closing can be obtained from the worksheet or ledger. b. Closing entries are usually done only at year-end. c. Assets, liabilities, and capital are temporary accounts. d. When closing is complete, all revenue accounts will have a zero balance. 21. Which of the following should not be included in the bank reconciliation? outstanding checks at year end b. deposits in transit c. nonsufficient funds petty cash receipts 22. When preparing a bank reconciliation, which of the following will not result in a journal entry for the business? Deposit in transit b. Bank service charge previously recognized by the business c. Error made by the bank in recording the amount of a check deposited d. Error made by the business in recording the amount of a check deposited 23. When preparing a bank reconciliation, bank service charges are added to the balance per bank statement deducted from the balance per bank statement deducted from the balance per book added to the balance per book c. 24. Journal entries using the petty cash fund account b. occur when the fund is established and the balance changed occur each month d. never occur a. 25. When the cash drawer is short at the end of the day, Cash Short and Over is debited and sales is credited Cash Short and Over is debited and cash is credited Sales is debited and Cash Short and Over is credited Cash is debited and Cash Short and Over is credited b. BONUS When the petty cash fund is replenished, the expenses as described in the vouchers are debited cash per checking account is credited both a and b neither a nor b