After the closing entries are journalized and posted,which of the following accounts would NOT have a balance?
A) Cash
B) Office Supplies
C) Accounts Payable
D) Service Revenue

Question

Quizplus · Accepted Answer

After closing entries are made, all temporary accounts, including revenue accounts like Service Revenue, should have a zero balance. Permanent accounts such as Cash, Office Supplies, and Accounts Payable retain their balances into the next accounting period.

After the Closing Entries Are Journalized and Posted,which of the Following