Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I know the answer is nine accounts but which accounts counts as temporary accounts? Use the pre-closing trial balance for XXX Corp. how many temporary

I know the answer is nine accounts but which accounts counts as temporary accounts?image text in transcribed

Use the pre-closing trial balance for XXX Corp. how many temporary accounts does XXX Corp. need to close at year-end? Answer numerically or spell the number (e.g., 1 or one) XXX Corp. Pre-Close Trial Balance (Adjusted) Year -End Unearned Service Revenue Supplies Expense Supplies Service Revenue Salaries and Wages Payable Salaries and Wages Expense Retained Earnings Rent Expense Prepaid Insurance Notes Payable Interest Payable Interest Expense Cost of Goods Sold Gain on sale of equipment Equipment Depreciation Expense Common Stock Insurance Expense Cash Accumulated Depreciation Equipment Accounts Receivable Accounts Pavable S250 2,800 800 47,700 1,850 27,850 19,800 2,000 800 10,000 600 600 5,000 6,000 30,000 3,000 1,000 1,200 16,500 15,000 7,250 2,600

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Audit Quality Association Between Published Reporting Errors And Audit Firm Characteristics

Authors: Jonas Tritschler

2014 Edition

3658041730, 978-3658041731

More Books

Students also viewed these Accounting questions

Question

List three essential characteristics of a liability.

Answered: 1 week ago