The entries that transfer the ending balances of temporary accounts are called ().
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The accounts listed on the balance sheet can be named as () because the balances of such accounts will be carried forward from year to year.
The revenue and expense accounts are exteneded to or flow into the () columns. Hints:every first letter should be in upper case in the end-of-period spreadsheet.
The assets, liabilities, owner’s capital, and drawing accounts are extended to the () columns in the end-of-period work sheet. Hints: every first letter should be in upper case.
The adjusted trial balance verifies the equality of the total debit and credit balances, while the unadjusted trial balance dose not.()