The following selected accounts appear in the adjusted trial balance for Maple Leaf Foods Inc. Identify which

Question:

The following selected accounts appear in the adjusted trial balance for Maple Leaf Foods Inc. Identify which accounts would be included in Maple Leaf Foods' post-closing trial balance.

(a) Accounts receivable

(b) Interest expense

(d) Dividends

(e) Depreciation expense

(f) Accounts payable and accruals

(g) Cost of goods sold

(h) Retained earnings

(i) Accumulated depreciation

(j) Income tax expense

Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...