Which of the following accounts would NOT appear in a post-closing trial balance?

		Unearned Fees
		Accounts Payable
		Fees Eaned
		Cash

Our company pays rent of $1,000 per month in advance for the year. At the end of each month, what would be the adjusting entry?

		Prepaid Rent 1,000 Rent Expense 1,000
		None of these answers is correct.
		Rent Expense 1,000 Prepaid Rent 1,000
		Rent Expense 1,000 Cash 1,000

You are learning the accrual basis of accounting in this course rather than the cash basis.

True

False

A company forgets to record six transactions in the month of June. June's trial balance won't balance.

True

False

You have a bank account at TD Bank. Interest is posted monthly to your account. This is an example of an accrued revenue for you.

True

False