<p> ______STUDENT NAME</p><p>Chapter 5 Review Self-Paced Accounting Worksheet</p><p>Learning Unit 5-1 Journalizing and Posting Adjusting Entries</p><p>1. When the worksheet is completed, the ledger only shows balances from the ______columns.</p><p>Trial Balance</p><p>2. All the amounts in the ______column of the worksheet must be journalized and ______so the ledger will be up to date.</p><p>Adjustments Posted</p><p>3. When formal financial reports were prepared from the worksheet, the ledger was not ______, thus the need to journalize and post adjusting entries.</p><p>Up to date</p><p>4. All information to journalize adjusting entries comes from the adjustments column of the ______.</p><p>Worksheet</p><p>Learning Unit 5-2 Journalizing and Posting Closing Entries</p><p>5. ______is the process of clearing all revenues, expenses, and withdrawals in the ledger to zero and getting a new figure for capital in the ledger.</p><p>Closing</p><p>6. Assets, contra assets, liabilities and capital are examples of ______accounts. Permanent</p><p>7. Withdrawals, revenue, and expenses are examples of ______, or ______, accounts.</p><p>Nominal Temporary</p><p>8. ______are found on the balance sheet.</p><p>Permanent Accounts</p><p>9. Income summary is a ______account in the ledger. It does not have a normal balance of a debit or credit.</p><p>Temporary</p><p>10. All the information for closing can be obtained from the ______and ______columns of the worksheet.</p><p>Income Statement Balance Sheet</p><p>11. The first step of closing is to clear the ______balance and transfer it to ______.</p><p>Revenue Income Summary</p><p>12. The second step of closing is to clear each ______balance and transfer the total of the expenses to ______.</p><p>Individual Expense Income Summary</p><p>13. The third step is to clear the balance in ______(net income or net loss) and transfer it to ______.</p><p>Income Summary Capital</p><p>14. The fourth step is to clear the balance in ______and transfer it to ______.</p><p>Withdrawals Capital 15. All closing entries must be ______and posted to be sure all temporary accounts are ______.</p><p>Journalized Closed</p><p>Learning Unit 5-3 Post-Closing Trial Balance</p><p>16. The last step in the Accounting Cycle is preparing a ______-______.</p><p>Post-closing Trial Balance</p><p>17. After closing entries are journalized and posted, the ______will only have ______with balances.</p><p>Ledger Permanent Accounts</p><p>18. The post-closing trial balance will be made up of only ______accounts.</p><p>Permanent</p><p>19. Capital on the post-closing trial balance is the ______figure.</p><p>Ending</p><p>20. In reality, most companies journalize and post adjusting and closing entries only at the ______of their ______year.</p><p>End Fiscal</p><p>21. The journalizing of adjusting and closing entries comes after the formal ______have been prepared.</p><p>Financial Reports</p>