For the accounts listed below please identify the (most accurate) account type from the choices listed:

- A. B. C. D. E.	Accounts Payable
- A. B. C. D. E.	Accounts Receivable
- A. B. C. D. E.	Accumulated Depreciation
- A. B. C. D. E.	Capital
- A. B. C. D. E.	Sales

Arrange the following activities in the usual order (first to last) by placing the number 1 (first step) through 5 (last step) in the blanks.

- 1. 2. 3. 4. 5.

Closing entries are prepared.

- 1. 2. 3. 4. 5.

The transactions are posted to the ledger.

- 1. 2. 3. 4. 5.

The transactions are entered in the journal.

- 1. 2. 3. 4. 5.

Financial statements are prepared.

- 1. 2. 3. 4. 5.

A post-closing Trial Balance is prepared.

A.	Owner's Equity
B.	Liabilities
C.	Assets
D.	Revenues
E.	Expenses

1. Which of the following transactions results in an increase in revenues?

   	A.	Sale of land at its' original cost for cash
   	B.	Sale of a service on credit
   	C.	Collection of cash for an accounts receivable
   	D.	Borrowing cash from bank on as loan