Which of the following accounts would be included in a post-closing trial balance?
A)Accounts Receivable.
B)Dividends.
C)Consulting Fees Earned.
D)Depreciation Expense−Equipment.
E)Salaries Expense.

Question

Quizplus · Accepted Answer

A post-closing trial balance includes all balance sheet accounts that have a balance after closing entries are made. Accounts Receivable is a balance sheet account that carries its balance into the next accounting period. Dividends, Consulting Fees Earned, Depreciation Expense−Equipment, and Salaries Expense are all income statement accounts that would be closed to Retained Earnings and would not appear in a post-closing trial balance.

Which of the Following Accounts Would Be Included in a Post-Closing