12. Which account should not appear on a post-closing trial balance? a. Sales b. Retained Earnings c. Accumulated Depreciation d. Discount on Bonds Payable 13. Which of these errors is easiest to find and correct? a. failure to record a transaction payment b. crediting Sales Revenue instead of Accounts Receivable for a c. the Accumulated Depreciation balance in the debit column of a trial balance d. incorrect computation of the Notes Payable account balance 14. In November, 20X0, your company sublets space for $500 and receives advance rent of $1,500 for three months-November, December and January--that is credited to Rent Revenue. Before the 20X0 books are closed, you discover that at year-end, 20X0, no adjusting entry was made to Rent Revenue. To correct this omission... a. Rent Revenue should be debited for $500. b. Rent Revenue should be debited for $1,000. c. Rent Revenue should be debited for $1,500. d. Rent Received in Advance should be credited for $1,000. 15. In early November, 20X0, your company makes a $4,500 advance pay- ment for six months' insurance and debits Prepaid Insurance for the entire amount. Before the books are closed for the year, you discover that no adjusting entry has been made. To correct this error, you will... a. debit Insurance Expense for $3,000 b. credit Insurance Expense for $3,000 c. debit Insurance Expense for $1,500 d. debit Prepaid Insurance for $1,500