Question
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.
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 included in the post-closing trial balance?
a. Retained Earnings
b. Sales Revenue
c. Salaries Expense
d. Dividends
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