257._____________ expenses are those costs that are incurred in a period but are both unpaid and unrecorded.
258.An _______________________ is a listing of all of the accounts in the ledger with their account balances
before
adjustments are made.
259.An _______________________ is a listing of all of the accounts in the ledger with their account balances
after
adjustments are made.
260.The closing process resets ________, __________, and ________ account balances to zero at the end of each accounting period.
Answers can appear in any order
261.The ___________________ account is a temporary account used only in the closing process.
262.Revenues, expenses, dividends, and Income Summary are called _________________ accounts because they are closed at the end of each accounting period.
263._______________ are long-term resources used to produce or sell products and services; they generally lack physical form and their benefits are highly uncertain.
264.A current ratio of 2.1 suggests that a company has ____________ current assets to cover current liabilities.