A post-closing trial balance contains only ___?a) Revenue accountsb) Expense accountsc) Permanent accountsd) Temporary accounts

Explanation of Post-Closing Trial Balance: A post-closing trial balance is a list of all permanent…

Answered: A post-closing trial balance contains…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter5: Completing The Accounting Cycle

Section: Chapter Questions

Problem 14MC: Which of these accounts is included in the post-closing trial balance? A. Supplies Expense B....

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Similar questions

Identify which of the following accounts would be listed on the company’s Post-Closing TrialBalance.A. Accounts ReceivableB. Accumulated DepreciationC. CashD. Office ExpenseE. Note PayableF. Rent RevenueG. Retained EarningsH. Unearned Rent Revenue
Which of the following accounts should not appear on the post-closing trial balance? Select one: a. Accounts Payable b. Accounts Receivable c. Income Summary d. Office Equipment
Which account is least likely to be debited when revenueis recorded?a. Accounts Payableb. Accounts Receivablec. Cashd. Unearned Revenue
Which of the following entries properly closes a temporary account? Select one: a. Income Summary XX Cash b. C. Debit Credit Expense Accumulated Depreciation XX Income Summary Income Summary d. e. XX Retained Earnings XX Dividends Debit Credit Debit Credit XX Debit Credit Income Summary XX Revenue XX XX Debit Credit XX XX
Final answer
9. Aside from accruals, which of the following can be reversed? A. Deferrals initially recorded in the income statement (income or expense) B. All deferrals C. Accounts that have been closed D. All temporary accounts
What type of accounts are closed out at the end of the accounting period? Group of answer choices asset accounts temporary accounts doubtful accounts permanent accounts
For each of the following accounts, identify if is found on the post closing trial balance (yes or no): Accounts Payable [ Select] Accounts Receivable [ Select] [ Select ] No Cash [ Select] Yes
Closing entries transfer the balances of the permanent accounts to the temporary accounts. Select one: True False
The adjusting entry to record an NSF check includes a credit to accounts payable a debit to vash a debit to accounts receivable a debit to miscellaneous expense
For each account, identify whether it is included in a post-closing trial balance. a. Store Equipment b. Interest Payable c. Notes Receivable d. Rental Revenue e. Commission Revenue f. Accounts Receivable Included in post-closing trial balance?
The entry to write off an account receivable under the allowance method willT ( A. increase total assets O B. increase net income C. reduce net income D. have no effect on net income)

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A post-closing trial balance contains only ___? a) Revenue accounts b) Expense accounts c) Permanent accounts d) Temporary accounts