Which of the following accounts appear on the adjusted trial balance but not on the post-closing...

Which of the following accounts appear on the adjusted trial balance but not on the post-closing trial balance?

	a.	revenue, expenses, capital
	b.	revenue, expenses, unearned revenue
	c.	revenue, expenses, income summary
	d.	revenue, expenses, withdrawals

The capital balance on the adjusted trial balance equals the

	a.	ending capital balance
	b.	beginning capital balance
	c.	beginning capital balance plus net income
	d.	beginning capital balance plus investments this period

Expert Solution

1

Revenue, expenses, withdrawals appear on the adjusted trial balance but not on the post-closing trial balance.

Revenue, expenses, withdrawals are temporary accounts and are closed at the end of period.

Option D is correct

2

The capital balance on the adjusted trial balance equals the beginning capital balance plus investments this period

Option D is correct

ekkarill92 answered 3 years ago

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