The period of time over which the earnings of a business are measured is called the _ _______ period

Because Revenue, Expense, and Drawings accounts accumulate data for only one accounting period, they are called ______ accounts

All Revenue, Expense, and Drawings accounts must begin the next accounting period with _____ balances

The ________ account must be updated to show the beginning balance for the new accounting period.

Entries made at the end of an accounting period to transfer the balances of temporary accounts to the Capital account are called __________ .

To close out a revenue account, the Revenue account is ___ and the Income Summary account is_______ .

An Accumulated Depreciation account is called a(n) _________account.

If a net loss occurred, the Income Summary account would have a(n)______ balance before it is closed out

To close out the Drawings account, the Capital account will be ____ , and the Drawings account will be_______ .

To record the adjusting entry for the depreciation of office equipment, the account credited is _________ .

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