Journal entries recorded at the end of each accounting period to prepare the revenue, expense, and withdrawals accounts for the upcoming period and to update the owner's capital account for the events of the period just finished are referred to as.

Closing entries.

Explanation:

Closing entries are journal entries that are made at the close of an accounting period to transfer the temporary accounts balances to the permanent accounts. Temporary accounts are the revenue, gain and income accounts.

Closing entries are used by companies to reset the temporary accounts balances i.e. the accounts that reveal balances in a single accounting period to zero. After this is done, the firm moves the balances into permanent accounts. These permanent accounts showed on the balance sheet show a firm's long-standing financials.

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answer; i believe the correct answer is (treasury bills);