Identifying Permanent Accounts Which of the following accounts will usually appear in the post-closing trial balance? a. Accounts Payable Appears b. Accumulated Depreciation Appears c. Cash Appears d. Common Stock e. Dividends f. Depreciation Expense Does Not Appear g. Fees Earned Does Not Appear h. Office Equipment Appears dropdown i. Salaries Expense Does Not Appear j. Salaries Payable Appears k. Supplies Does Not Appear

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
icon
Concept explainers
Question
Identifying Permanent Accounts
Which of the following accounts will usually appear in the post-closing trial balance?
a. Accounts Payable
Appears
b. Accumulated Depreciation
Appears
c. Cash
Appears
d. Common Stock
e. Dividends
f. Depreciation Expense
Does Not Appear
g. Fees Earned
Does Not Appear
h. Office Equipment
Appears
dropdown
i. Salaries Expense
Does Not Appear
j. Salaries Payable
Appears
k. Supplies
Does Not Appear
Transcribed Image Text:Identifying Permanent Accounts Which of the following accounts will usually appear in the post-closing trial balance? a. Accounts Payable Appears b. Accumulated Depreciation Appears c. Cash Appears d. Common Stock e. Dividends f. Depreciation Expense Does Not Appear g. Fees Earned Does Not Appear h. Office Equipment Appears dropdown i. Salaries Expense Does Not Appear j. Salaries Payable Appears k. Supplies Does Not Appear
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Completing the Accounting Cycle
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education