Question Details

The account balances appearing in the adjusted trial balance 



1.	The first step in preparing a worksheet is to prepare a ______________ from the general ledger accounts.


	2.	The account balances appearing in the adjusted trial balance columns are extended to the ______________ columns and the ______________ columns.


3.	The process of transferring net income (or loss) for the period to Retained Earnings is accomplished by making ______________ entries.


4.	At the end of an accounting period, all revenue and expense accounts are closed to a temporary account called ______________.


5.	The Dividends account is closed to the ______________ account at the end of the accounting period.






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