What is the first account that should be listed in the post-closing trial balance?
A) Net Income
B) Owner, Capital
C) Cash
D) Fees Earned

Name: What is the first account that should be listed in the post-closing trial balance? A) Net Income B) Owner, Capital C) Cash D) Fees Earned
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Question

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The first account that should be listed in the post-closing trial balance is the Cash account, as it is an asset account and all other accounts are closed out to this account during the closing process.

What Is the First Account That Should Be Listed in the Post-Closing