Question 27 (1.67 points) In the accounting cycle, the last step is preparing the financial statements journalizing and posting the adjusting entries preparing a post-closing trial balance journalizing and posting the closing entries Question 28 ( 1.67 points) Which of the items below does not appear on the work sheet? adjusting entries the unadjusted trial balance closing entries the withdrawals account On the work sheet, the Owner's Equity and Owner's Withdrawal account balances are extended to the Balance Sheet columns. True False Question 30 (1.67 points) Who pays the freight costs when the terms are FOB shipping point? the ultimate customer the buyer the seller either the seller or the buyer