The post-closing trial balance will generally have fewer accounts than the trial balance.
True or False
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Post closing trial balance is a list of all the permanent account balances after the all the closing entries are journalized and posted to ledger. Comment if you face any issues |
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The post-closing trial balance will generally have fewer accounts than the trial balance. True or False
Saved The post-closing trial balance will have fewer accounts than the adjusted trial balance. Question 4 options: 1) True 2) False Question 5 (0.5 points) An expense account is closed with a credit to the expense account and a debit to the Income Summary account. Question 5 options: 1) True 2) False Question 6 (0.5 points) Cash is a temporary account. Question 6 options: 1) True 2) False Question 7 (0.5 points) Adjusting entries are often made because some business...
Post-Closing Trial Balance An accountant prepared the following post-closing trial balance: Security Services Co. Post-Closing Trial Balance July 31, 2018 Debit Balances 18,000 39,960 Credit Balances Cash Accounts Receivable Supplies 2,520 178,020 Equipment Accumulated Depreciation - Equipment 59,400 21,600 Accounts Payable Salaries Payable 1,980 Unearned Rent 8,100 Common Stock 13,500 Retained Earnings 133,920 294,480 182,520 Prepare a corrected post-closing trial balance. Assume that all accounts have normal balances and that the amounts shown are correct. If an amount box does...
Post-Closing Trial Balance An accountant prepared the following post-closing trial balance: Security Services Co. Post-Closing Trial Balance July 31, 20Y0 Debit Balances Credit Balances Cash 10,400 Accounts Receivable 23,090 Supplies 1,460 Equipment 102,860 Accumulated Depreciation—Equipment 34,320 Accounts Payable 12,480 Salaries Payable 1,140 Unearned Rent 4,680 Common Stock 13,500 Retained Earnings 71,690 170,160 105,460 Prepare a corrected post-closing trial balance. Assume that all accounts have normal balances and that the amounts shown are correct. If an amount box does not require...
Identify which of the following accounts would be included in a post-closing trial balance. Included in post-closing trial balance? a. Cash b. Haircutting Revenue Furniture d. Goodwill e Taxes Expense Factory f.
Post-closing a Balance An accountant prepared the following post-dosing trial balancel Security Services Co. Post-Closing Trial Balance July 31, 2010 Debit Balances Balances Cash IN 188 Accounts Receivabl Supplies Equipment Accumulated Depreciation-Equip Accounts Payable Salaries Payable Unearned Rent Common Stock Retained Earnings 83 7.56 7,560 124,090 ,500 274,850 170,350 Dream corected post-closing trial balance. Assume that at all accounts have normal balances and that ected post-closing trial balance. Ass Security Services Co. Post-Closing Trial Balance July 31, 2040 Debit Balance...
Adjusted balance ^Closing entries ^T Accounts ^Post-closing trial balance ^Any help would be amazing in the areas I've missed out on!
Identity which of the following accounts would have balances in a post-closing trial balance. Service Revenue Notes Payable Interest Expense Income Summary Cash
Required information CP4-1 Preparing an Adjusted Trial Balance, Closing Journal Entry, and Post-Closing Trial Balance [LO 4-3, LO 4-5) [The following information applies to the questions displayed below) The following is a list of accounts and adjusted amounts for Rollcom, Inc., for the fiscal year ended September 30, 2018, The accounts have normal debitor credit balances. Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Equipment Income Tax Expenso Notes Payable (long-term) Office Expenses Rent Expense Retained Earnings Salaries and...
Activity 2.a - Preparing a Post-Closing Trial Balance Fill out the Post-Closing Trial Balance as of December 31, 2016 date using the given information in the T-accounts. Enter accounts in Chart of Accounts order. Prepaid Rent Dec. 31 3,800 Bal. 3,800 Bright, Capital 19,000 Dec. 31 19,000 Bal. Salaries Payable 2,900 Dec. 31 2,900 Bal. Top of Form SMART TOUCH LEARNING Post-Closing Trial Balance December 31, 2016 Balance Account Title Debit Credit Cash 19,700 Accounts Receivable 13,100 Prepaid Rent Furniture...
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.