Which of the following accounts would appear on the post-closing trial balance?
A) Fees Earned
B) Wages Expense
C) Owner's Capital
D) Income Summary

Question

Quizplus · Accepted Answer

Only permanent accounts, such as Owner's Capital, will appear on the post-closing trial balance. Fees earned and wages expense are temporary accounts and will be closed out to the Owner's Capital account through the Income Summary account, which will not appear on the post-closing trial balance.

Which of the Following Accounts Would Appear on the Post-Closing