PLEASE ANSWER ALL

7. Which of the following accounts will be closed to the retained earnings account at the end of the fiscal year? Fees Earned Rent Expense All of these accounts will be closed Depreciation Expense 8. Which of the following sequence is correct for the accounting cycle? analyze, journalize, post, adjusting entries, financial statements, closing entries journalize, post, analyze, adjusting entries, closing entries, financial statements analyze, post, journalize, financial statements, closing entries, adjusting entries analyze, journalize, post, financial 9. Which of these titles would appear in the Income Statement columns of the end-of-period spreadsheet? Cash Net Loss Unearned Revenue Prepaid Insurance 10. After all of the account balances have been extended to the Income Statement columns of the end-of-period spreadsheet, the totals of the Debit and Credit columns are $83,900 and 77,500, respectively. What is the amount of the net income or net loss for the period? $83,900 net income $77,500 net loss $6,400 net income $6,400 net loss