E) Decrease both assets and equity by KD 180 5. Which of the following accounts is not classified under assets: A) Cash B) Salaries Payable C) Accounts receivables D) Notes receivable E) Accrued liabilities Cash AR Bulding land 6. A temporary account to which revenues and expenses are transferred prior to their final transfe the capital account is known as: A) Closing Account B) Temporary Account C) Permanent Account D) Income Summary E) Cash. 7. The opening balance of Salaries Expense at the beginning of the period is: A) Zero. B) Ten thousand. c) Unknown D) Total of payments of last period. E) Total of payments to be made this period