Using the data in BE4.15 , identify the accounts that would be included in a post closing
Question:
Using the data in BE4.15 , identify the accounts that would be included in a post closing trial balance.
Data from BE 4. 15
The following selected accounts appear in the adjusted trial balance for Deane Company. Indicate the financial statement on which each account would be reported.
a. Accumulated Depreciation.
b. Depreciation Expense.
c. Retained Earnings (beginning).
d. Dividends.
e. Service Revenue.
f. Supplies.
g. Accounts Payable.
Step by Step Answer:
The accounts that will appea...View the full answer
Financial Accounting Tools for Business Decision Making
ISBN: 978-1119493631
9th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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