Final answer:
Dividends Payable would not be present in closing entries because it is a permanent account, unlike other temporary accounts such as expenses and revenues which are closed each period.
Step-by-step explanation:
The account that would not be present in the closing entries is a. Dividends Payable.
Closing entries are part of the accounting process used to reset the balances of temporary accounts including revenues, expenses, and dividends paid. The purpose of these entries is to transfer the balances of these temporary accounts to permanent accounts so that they can begin the next accounting period with zero balances. Accounts like Utilities Expense, Fees Earned Revenue, and Insurance Expense are temporary accounts and are closed each period. However, Dividends Payable is a liability account, representing an obligation to pay shareholders and is therefore not closed because it is a permanent account. Permanent accounts carry their ending balance into the next accounting period and are not closed.
Based on this information, the account that would not be present in the closing entries is a. Dividends Payable. Dividends Payable is a liability account, but it is not a temporary account. It represents the amount of dividends declared but not yet paid to shareholders, and it carries its balance forward to the next accounting period, unlike temporary accounts such as revenue and expense accounts that are closed to zero.