Which of the following accounts could be found on the Balance Sheet? depreciation expense sales revenue interest payable cost of goods sold Question 19 3 pts What is the purpose of a closing entry? To record internal transactions and adjust prepaid expenses To transfer balances of all temporary accounts to retained earnings To prove that debits equal credits for all account balances in the general ledger To transfer assets and liabilities to retained earnings Question 20 3 pts During the year, Interior Lighting Corp.paid and recorded salaries of $24,000. In addition, $8,000 in salaries has been earned by the managers at the end of the year but has not been paid or recorded. The salaries payable account balance is zero before adjustment. The year end adjusting entry would include which one of the following