After the closing entries are posted, which account normally has a balance other than zero? a. Capital
Question:
After the closing entries are posted, which account normally has a balance other than zero?
a. Capital
b. Rent Expense
c. Income Summary
d. Fees Income
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Step by Step Answer:
The correct answer is a Capital The Capital account is the account where the owners equity i...View the full answer
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Related Book For 
College Accounting A Contemporary Approach
ISBN: 9781260780352
5th Edition
Authors: David Haddock, John Price, Michael Farina
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