Accumulated Depreciation is a(n) expenses account stockholders' equity account liability account contra asset account An adjusted trial balance is prepared after the financial statements are completed proves the equality of the total debit balances and total credit balances of accounts after all adjustments have been made. is a required financial statements under accepted accounting principles. Which account will have a zero balance after closing entries having been journalized and posted? Service revenue Advertising Supplies Prepaid insurance Accumulated Depreciation At December 31, 2011, before any year-end adjustments, company's prepaid insurance account had a balance of $2, 700. It was determined that $1,000 of the Prepaid Insurance had expired. The adjusted balance for Insurance Expense for the year would be: $1,000 1, 700 $2, 700 $1, 400 The trial balance for Greenway Corporation appears as follows: If, on December 31, 2011, supplies on hand were $30, the adjusting entry would contain a; debit to Supplies for $30. credit to Supplies for $30. debit to Supplies Expense for $110. credit to Supplies Expense for $ 110