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View Favorites Tools Help Heath Benefts Exchang...e Test 2-Spring, 2018 apgested Stes 2 web Sikce Galery edSites Help Save& Exit Saved Closing the temporary accounts

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View Favorites Tools Help Heath Benefts Exchang...e Test 2-Spring, 2018 apgested Stes 2 web Sikce Galery edSites Help Save& Exit Saved Closing the temporary accounts at the en of each accounting period does all of the following except 27 Multiple Cholice 0213 47 Prepares the withdrawals account for use in the next penod Brings the revenue and expense accounts to zero balances Has no effect on the owner's capital account. Serves to transfer the effects of these accounts to the owner's capital account on the balance sheet Causes owner's capital to reflect increases from revenues and decreases from expenses and withdrawals

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