After all closing entries have been posted,which of the following accounts is most likely to have a nonzero balance?
A)Interest Expense
B)Unearned Revenue
C)Service Revenue
D)Income Summary

Question

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Unearned Revenue is a liability account that represents money received by a company in advance of delivering goods or services. It is likely to have a nonzero balance after closing entries because it may still be owed to customers or clients. The other accounts listed, such as Interest Expense, Service Revenue, and Income Summary, are all temporary accounts that should have zero balances after closing entries have been posted.

After All Closing Entries Have Been Posted,which of the Following