The Common Stock account decreases on the debit D Question 39 The Retained Earnings account has a credit balance of $7.000 before dosing entries are made, net income for the period is $13.000 and $5,000, what is the ending balance in the Retained Earnings account after all closing entries are journalized and posted we $28,000 credit balance $12,000 credit balance $14.000 credit balance $14.000 debit balance D Question 40 Which of the following is a temporary account? Equipment Prepaid insurance Accounts Receivable Depreciation Expense