Which of the following would be part of a closing entry? a. Debit service revenue. b. Debit advertising expense. c. Credit unearned revenue. d. Debit deprecation. e. Credit accumulated depreciation. Which of the following errors will be disclosed in the preparation of a trial balance? a. Recording transactions in the wrong account. b. Duplication of a transaction in the accounting records. c. Posting the debit portion of a particular journal entry in the credit column. d. Posting the correct amount to a wrong account. e. All of the above. The accounting process: a. Includes transaction analysis, journalization, posting to a ledger account, and preparation of a trial balance. b. Has been relieved of mundane processing by computerized applications. c. Is based on the accounting equation. d. All of above are true statements. e. None of the above. The operating section of an income statement for a merchandising company would include which of the following? a. Freight-out. b. Freight-in. c. Cost of goods sold. d. Only a, and c, are correct. e. Only b, and c, are correct The operating expenses section of an income statement for a merchandising company would not include: a. Rent expense. b. Unearned revenue. c. Utilities expense. d. Freight-out. e. Insurance expense. Which of the following would be considered a capital asset? a. Inventories. b. Prepaid expenses. c. Building d. Accounts receivable due in 6 months. e. All of the above