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The following accounts were included on a company's adjusted trial balance. Identify which accounts should be closed or not closed at the year end. Accounts
The following accounts were included on a company's adjusted trial balance. Identify which accounts should be closed or not closed at the year end.
Accounts payable | Notes payable | |||||
---|---|---|---|---|---|---|
Accounts receivable | Rent revenue | |||||
Depreciation expense | Prepaid expenses | |||||
Operating expenses | Equipment | |||||
Unearned revenue | S. Young, drawings | |||||
Interest expense | Accumulated depreciation | |||||
S. Young, capital | Supplies |
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