Which account will have a zero balance after a company has journalized and posted closing entries? a.

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Which account will have a zero balance after a company has journalized and posted closing entries?

a. Service revenue.

b. Advertising Supplies.

c. Prepaid Insurance.

d. Accumulated Depreciation.

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Financial reporting, financial statement analysis and valuation a strategic perspective

ISBN: 978-0324789416

7th Edition

Authors: James M Wahlen, Stephen P Baginskl, Mark T Bradshaw

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Posted Date: Nov 14, 2017 04:57 AM

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Which account will have a zero balance after a company has journalized and posted closing entries? a.

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Expert Answer:

The advertising supplies are reported in the balance sheet of the company So it will not have zero b... View the full answer

Financial reporting, financial statement analysis and valuation a strategic perspective

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