Answer is 4) Temporary Accounts
Because the post-closing trial balance contains no revenue, expense, gain, loss, or summary account balances, since these temporary accounts have already been closed and their balances moved into the retained earnings account as part of the closing process.
Question 10 (1 point) Saved Which type of accounts will not appear in the post-closing trial...
Which types of accounts will appear in the post-closing trial balance? Permanent accounts. O Temporary accounts. O Accounts shown in the income statement columns of a work sheet. O None of these.
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...
Question 11 1.5 pts A post-closing trial balance should be prepared before closing entries are posted to the ledger accounts. after closing entries are posted to the ledger accounts. only it an error in the accounts its is detected before adjusting entries are posted to the ledger accounts. Next- Qui saved at 9:29pm Submit Quilt MacBook Pro Q Search or enter website name % + 3 $ 4 5 6 7 8 9 0 0 W E R T Y...
Identifying Permanent Accounts Which of the following accounts will usually appear in the post-closing trial balance? a. Accounts Receivable b. Cash c. Depreciation Expense d. Fees Earned e. Doug Woods, Capital f. Doug Woods, Drawing g. Equipment h. Land i. Salaries Payable j. Unearned Rent k. Wages Expense
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...
Which of the following accounts will appear on the post-closing trial balance? Multiple Choice The owner's drawing account Fees Income The owner's capital account Rent Expense
Which of the following accounts would not appear on the post-closing trial balance? Select one: O A. Cash O B. Inventory O C. Accounts receivable O D. Rent expense
Question 9 (1 point) v Saved Which one of the following accounts shows a balance on the post-closing trial balance? O Service Revenue O Retained Earnings, beginning of the year O Interest Expense O Common Shares
1. Which of these accounts is included in the post-closing trial balance? a. Accounts Payable b. Supplies Expense c. Sales Revenue d. Insurance Expense 2. On which of the following would the year-end Retained Earnings balance be stated correctly? a. Post-Closing Trial Balance b. Unadjusted Trial Balance c. Adjusted Trial Balance d. The Worksheet 3. Which of these accounts is never closed? a. Prepaid Rent b. Income Summary c. Rent Revenue d. Rent Expense 4. Which of these accounts is...
The asset, liability, and owner's capital accounts appear on all of the following except the: 10 Multiple Choice Ο income statement. Ο balance sheet. Ο post-closing trial balance. Ο worksheet.