Question

The following selected accounts appear in the adjusted trial balance for Deane Company. 

Identify the accounts that would be included in a post-closing trial balance.

(a) Accumulated Depreciation.

(b) Depreciation Expense.

(c) Retained Earnings (ending).

(d) Dividends.

(e) Service Revenue.

(f) Supplies.

(g) Accounts Payable.

Answer 1

Answer-

a	Accumulated Depreciation	YES
b	Depreciation Expense	NO
c	Retained Earnings (ending)	YES
d	Dividends	NO
e	Service Revenue	NO
f	Supplies	YES
g	Accounts Payable	YES

Answer 2

a. Accumulated depreciation - balance sheet

b. Depreciation expense - statement of profit and loss account

c. Retained earnings - Balance sheet

d. Dividends - statement of profit and loss account

e. Service revenue - statement of profit and loss account

f. Supplies - statement of profit and loss account

g. Accounts payable - balance sheet

Answer 3

a.Accumulated Depreciation.      Balance Sheet

b.Depreciation Expense.       Income Statement

c.Retained Earnings (beginning).  Retained Earnings Statement

d.Dividends.                                 Retained Earnings Statement

e.Service Revenue.                     Income Statement

f.Supplies.                                   Balance Sheet

g.Accounts Payable.                   Balance Sheet

Answer 4