Which account will have a zero balance after closing entries have been journalized and posted?
A)Service revenue.
B)Supplies.
C)Prepaid Insurance.
D)Accumulated Depreciation.

Name: Which account will have a zero balance after closing entries have been journalized and posted? A)Service revenue. B)Supplies. C)Prepaid Insurance. D)Accumulated Depreciation.
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Question

Quizplus · Accepted Answer

Service revenue is a temporary account that is closed at the end of the accounting period, resulting in a zero balance.

Which Account Will Have a Zero Balance After Closing Entries