Terminology and Concepts -- Closing Entries. a. What would be the problem if the closing entries were not made? b. After the closing process is completed, what is the nature of the accounts that remain with balances? What is the nature of accounts that are "closed"? c. Would the Salary Expense account show a balance on the first day of the period after closing? Why? d. Would the Cash account show a balance on the first day of the period after closing? Why? e. What does it mean when an account has been "closed"? e. Temporary accounts are reset and transferred to the appropriate owner's equity account as a normal part of the process. Describe what would be the appropriate owner's equity account to receive the transfer for a sole proprietorship, partnership and corporation. f. A Post-Closing Trial Balance is prepared from the General Ledger accounts after closing. The closed accounts will not appear on this document. Given the nature of accounts that do appear on the Post Closing Trial Balance, which financial statement could be completely prepared using just the Post Closing Trial Balance