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6. Which of the following accounts would not appear in the post-closing trial balance? Interest Payable; Equipment; Depreciation Expense; Unearned Service Revenue; and Service Revenue,

6. Which of the following accounts would not appear in the post-closing trial balance? Interest Payable; Equipment; Depreciation Expense; Unearned Service Revenue; and Service Revenue, Rent Expense, Loan.

7. Do you repeat the steps in the accounting cycle in each accounting period? Why?

8. What do we mean by accrued expense & accrued revenue?

9. What do we mean by prepaid expense & unearned revenue?

10.When adjusting entry are required?

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