Which of the following is NOT a balance sheet account?

A$)$ Prepaid Rent

B$)$ Dividends

C$)$ Accumulated Depreciation $-$ Building

D$)$ Unearned Revenue

Prepaid Rent in the worksheet's unadjusted trial balance column is $$7,000.$ Prepaid Rent in the balance sheet column is $$6,000.$ Which of the following entries would have caused this difference?

A$)$ a $$1,000$ credit entry to Prepaid Rent in the worksheet's adjustments column

B$)$ a $$1,000$ debit entry to Prepaid Rent in the worksheet's adjustments column

C$)$ a $$1,000$ credit entry to Rent Expense in the worksheet's adjustments column

D$)$ a $$1,000$ credit entry to Rental Revenue in the worksheet's adjustments column

An account that is not closed at the end of the period is called a$($n$)$

A$)$ revenue account

B$)$ expense account

C$)$ temporary account

D$)$ permanent account

Closing entries are journalized and posted

A$)$ throughout the accounting period

B$)$ after preparing the post$-$closing trial balance

C$)$ before posting the adjusting entries

D$)$ after preparing the financial statements

The current ratio measures

A$)$ a company's profitability during a particular period

B$)$ a company's ability to pay current liabilities from its total assets

C$)$ a company's ability to pay current liabilities from current assets

D$)$ a company's ability to sell its long$-$term assets