Which of the following accounts in the ledger will ordinarily appear in the post-closing trial balance?
A) Drawing
B) Accounts Receivable
C) Income from Services
D) Supplies Expense
E) Wages Expense

Question

Quizplus · Accepted Answer

Accounts Receivable is a balance sheet account that carries over to the next accounting period, so it appears in the post-closing trial balance. Drawing, Income from Services, Supplies Expense, and Wages Expense are temporary accounts that are closed to the owner's capital account at the end of the accounting period and do not appear in the post-closing trial balance.

Which of the Following Accounts in the Ledger Will Ordinarily