Probably the last account to be listed on a post-closing trial balance would be
A)Income Summary.
B)Wages Payable.
C)Owner's Capital.
D)Wages Expense.

Question

Quizplus · Accepted Answer

The Income Summary account is closed to the Owner's Capital or Retained Earnings account, making the Owner's Capital account one of the last to show a balance after closing entries are made. Wages Payable is a liability account that remains open if there's an outstanding balance. Wages Expense, like all expense accounts, is closed to the Income Summary account and would not appear on a post-closing trial balance.

Probably the Last Account to Be Listed on a Post-Closing