Question

In: Accounting

The following selected accounts appear in the adjusted trial balance for Bender Company: 1 .Accumulated Depreciation...

The following selected accounts appear in the adjusted trial balance for Bender Company:

1

.Accumulated Depreciation

5.

Supplies

2

.Depreciation Expense

6.

Accounts Payable

3

.J. Bender, Capital

7.

Service Revenue

4	.J. Bender, Drawings

Instructions
Identify the accounts that would be included in the post-closing trial balance.

Expert Solution

Post closing trail balance will include only the permanent/real accounts, which are assets, liabilities, and equity. All of the other accounts (temporary/nominal accounts) would have been cleared to zero by the closing entries.

In the given case, the provided accounts and there nature of accouts are as follows :-

S.no	Account name	Nature of account	permanent/temporary account
1.	Accumulated depreciation	asset account	permanent account
2.	Depreciation expense	expense account	temporary account
3.	J. Bender, capital	liability account	permanent account
4.	J. Bender, Drawings	expense account	temporary account
5.	Supplies	expense account	temporary account
6.	Accounts payable	liability account	permanent account
7.	Service revenue	revenue account	temporary account

As per above given explanation and provided table the accounts will be included in post closing trail balance are only permanent accounts those are :-

1. Accumulated depreciation

2. J. Bender capital

3. Accounts payable

These are all the information required to solve the above given question.

If there is any clarifications or more explanations required regarding the above provided answer, please mention them in comment box.

I hope, all the above mentioned information and bifurcations are useful and helpful to you.

Thank you.

ekkarill92 answered 2 years ago

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