No need explanation. Just want to check my answer.

Question 7 (2 points) Closing entries: O A) are prepared before adjusting entries. OB) must be journalized and posted. OC) need not be journalized since they appear on the worksheet. O D ) are not needed if adjusting entries are prepared. Question 8 (2 points) The Income Summary account shows debits of $35,824 and credits of $25,977. This results in: O A) a net loss of $61,801. OB) a net income of $9,847. OC) Withdrawals of $61,801. OD) a net loss of $9,847. Question 9 (2 points) The following normal account balances were found on the general ledger before closing entries were prepared: Revenue $1,200 Cash $1,300 Accounts Receivable Expenses $640 $420 Capital $7,000 Withdrawals $1,000 After closing entries are posted, what is the balance in the Capital account? OA) $7,560 OB) $7,000 OC) $6,560 OD) Closing entries do not affect the Capital account. Question 10 (2 points) The beginning capital balance is $6,200, there are no additional investments, but the owner did withdraw $500 during the accounting period. The period's revenue is $4,300 and expenses total $6,100. What is the ending capital balance (after closing entries)? OA) $6,200 OB) $3,900 OC) $4,400 OD) $6,700 Question 11 (2 points) Company policy for internal control should include all of the following except: OA) The owner (or responsible employee) signs all checks after receiving authorization to pay from the departments concerned. OB) Employees will be rotated twice a year. Oc) At time of payment, all supporting invoices or documents will be stamped "paid." Monthly bank statements should be sent to and reconciled by the same employees who authorize payments and write checks. Question 12 (2 points) If the written amount on the check does NOT match the amount expressed in figures, the bank may: O A ) pay the amount written in words. O B) return the check unpaid. OC) contact the drawer to see what was meant. OD) All of these are correct choices