Of the following accounts, which might appear in the adjusted trial balance, but not in the post-closing trial balance?
A) Salary Expense
B) Owner's Capital
C) Accounts Payable
D) Income Summary

Question

Quizplus · Accepted Answer

Income Summary is a temporary account that is used to close out all revenue and expense accounts at the end of the accounting period. It is not included in the post-closing trial balance because it has a zero balance after closing entries are posted.

Of the Following Accounts, Which Might Appear in the Adjusted