What is the purpose of a post-closing trial balance? Which of the following accounts should not appear
Question:
What is the purpose of a post-closing trial balance? Which of the following accounts should not appear in the post-closing trial balance: Cash; Unearned Revenue; Prepaid Rent; Depreciation Expense; Utilities Payable; Supplies Expense; and Retained Earnings?
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A postclosing trial balance ensures that an equality of debits and credits has been ...View the full answer
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Related Book For 
Financial & Managerial Accounting For Undergraduates
ISBN: 9781618533104
2nd Edition
Authors: Jason Wallace, James Nelson, Karen Christensen, Theodore Hobson, Scott L. Matthews
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