Homework Answers
The Answer is Post-Closing trial balance
Explanation:
1) Post closing trial balance is the final step in accounting cycle and it is prepared to know whether debits equals the credits after closing entries are posted to income summary and retained earnings.
2) Remaining options are not correct.
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A trial balance prepared after the adjusting and closing entries have been posted, and which is...
QUESTION 20 After the closing entries have been posted, which of the following accounts would still...
QUESTION 20 After the closing entries have been posted, which of the following accounts would still have a balance? a. Salaries Expense b. Miscellaneous Revemes Oc Supplies Expense d. Accumulated Depreciation Equipment QUESTION 21 After the closing entries are journalized and posted, which of the following accounts would NOT have a balance? a. Service Revenue b. Cash c. Accounts Payable d. Office Supplies QUESTION 22 After the accounts are closed and the journal entries have been posted, which of the...
QUESTION 6 Financial Statements should be prepared After daily transactions have been recorded, but before adjusting...
QUESTION 6 Financial Statements should be prepared After daily transactions have been recorded, but before adjusting entries are posted. After closing entries are posted, but before deferral entries are journalized. After adjusting entries are posted, but before the post-closing trial balance is prepared. After all trial balances are prepared and closing entries are finalized. QUESTION 7 Following the Closing Journal Entries which of the following accounts must have zero balances? Allowance for Doubtful Accounts Salary and Wages Payable Accumulated Depreciation...
Closing entries are journalized and posted . 0 A, before posting the adjusting entries O B....
Closing entries are journalized and posted . 0 A, before posting the adjusting entries O B. after preparing the financial statements ° C. throughout the accounting period O D. after preparing the post-closing trial balance
Question 11 1.5 pts A post-closing trial balance should be prepared before closing entries are posted...
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...
Describe the purpose of adjusting entries, closing entries, and the post-closing trial balance. What is the...
Describe the purpose of adjusting entries, closing entries, and the post-closing trial balance. What is the most important output of the accounting cycle? What was the most difficult part of the accounting cycle for you to understand? Answer these questions with a minimum posting of 150 words that is complete, thoughtful, and written in Standard English.
The following are all the steps in the accounting cycle. Number each step in the order...
The following are all the steps in the accounting cycle. Number each step in the order in which they should be done. Please write your answer in the space provided. - Closing entries are journalized and posted to the ledger. - An unadjusted trial balance is prepared. - An optional end-of-period spreadsheet (work sheet) is prepared. - A post-closing trial balance is prepared. - Adjusting entries are journalized and posted to the ledger. - Transactions are analyzed and recorded in the journal. - Adjustment data...
Which account will have a zero balance after closing entries have been journalized and posted? O...
Which account will have a zero balance after closing entries have been journalized and posted? O Prepaid Insurance. O Service revenue. O Accumulated Depreciation. O Supplies.
After the worksheet has been completed, the next step in the accounting cycle is to: Multiple...
After the worksheet has been completed, the next step in the accounting cycle is to: Multiple Choice 0 journalize the closing entries. 0 post the closing entries. 0 prepare the post-closing trial balance. 0 prepare the financial statements.
Accounting CycleFrom the following list of steps in the accounting cycle,identify what two steps...
Accounting CycleFrom the following list of steps in the accounting cycle, identify what two steps are missing:Transactions are analyzed and recorded in the journal.An unadjusted trial balance is prepared.Adjustment data are assembled and analyzed.An optional end-of-period spreadsheet is prepared.Adjusting entries are journalized and posted to the ledger.An adjusted trial balance is prepared.Closing entries are journalized and posted to the ledger.A post-closing trial balance is prepared.Select the steps in the accounting cycle in their proper order in order and include the...
Which of the following steps is optional during the closing process?
Which of the following steps is optional during the closing process? a. Adjusting entries are journalized and posted to the ledger. b. An end-of-period spreadsheet is prepared. c. An unadjusted trial balance is prepared. d. A post-closing trial balance is prepared.
QUESTION 20 After the closing entries have been posted, which of the following accounts would still have a balance? a. Salaries Expense b. Miscellaneous Revemes Oc Supplies Expense d. Accumulated Depreciation Equipment QUESTION 21 After the closing entries are journalized and posted, which of the following accounts would NOT have a balance? a. Service Revenue b. Cash c. Accounts Payable d. Office Supplies QUESTION 22 After the accounts are closed and the journal entries have been posted, which of the...
QUESTION 6 Financial Statements should be prepared After daily transactions have been recorded, but before adjusting entries are posted. After closing entries are posted, but before deferral entries are journalized. After adjusting entries are posted, but before the post-closing trial balance is prepared. After all trial balances are prepared and closing entries are finalized. QUESTION 7 Following the Closing Journal Entries which of the following accounts must have zero balances? Allowance for Doubtful Accounts Salary and Wages Payable Accumulated Depreciation...
Closing entries are journalized and posted . 0 A, before posting the adjusting entries O B. after preparing the financial statements ° C. throughout the accounting period O D. after preparing the post-closing trial balance
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...
Which account will have a zero balance after closing entries have been journalized and posted? O Prepaid Insurance. O Service revenue. O Accumulated Depreciation. O Supplies.
After the worksheet has been completed, the next step in the accounting cycle is to: Multiple Choice 0 journalize the closing entries. 0 post the closing entries. 0 prepare the post-closing trial balance. 0 prepare the financial statements.
Which of the following steps is optional during the closing process? a. Adjusting entries are journalized and posted to the ledger. b. An end-of-period spreadsheet is prepared. c. An unadjusted trial balance is prepared. d. A post-closing trial balance is prepared.
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