Which of the following accounts would appear on the post-closing trial balance?
A)Fees Earned
B)Rent Expense
C)Accounts Receivable
D)Income Summary

Question

Quizplus · Accepted Answer

Accounts Receivable would appear on the post-closing trial balance, as it is a permanent account that reflects the amount owed to the company by customers. Fees Earned and Rent Expense are temporary accounts that are closed at the end of the accounting period, while Income Summary is a temporary account used during the closing process.

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