1. Question:Mark the following statements as True or False, then select the correct corresponding multiple ch...

Mark the following statements as True or False, then select the correct corresponding multiple choice answer.

_____ All permanent accountsmustbe closed at the end of the accounting period.

_____ All adjusting journal entries will use an Income Statement and a Balance Sheet account.

_____ The totals in the balance sheet columns of an after closing trial balance agree with the totals on the

balance sheet.

_____ The correct entry to close the dividend account is a debit to Income Summary and a credit to Dividends.

A.True, True, True, True

B.True, False, True, False

C.True, True, True, False

D.False, False, False, False

E.False, True, True, False

2.Use the following information to answer the questions.

The unadjusted trial balance for a company as of December 31, 2015 appears below.