Question

In: Accounting

Mark those accounts that would still have a balance after the closing entries . Commission Revenue...

Mark those accounts that would still have a balance after the closing entries .

Commission Revenue , Cash , Retained Earnings , Dividend Salaries Payable ,Insurance Expense ,Accumulated Depreciation,saleries payable

My answer: cash, Accumulated depreciation

Is it correct?

Solutions

Expert Solution

Asset or Liability account will have balance after closing entries.

On the basis of above and with given options answer will be following:

1. Cash

2. Retained Earning

3. Salaries Payable

4. Accumulated Depreciation

ekkarill92 answered 2 years ago
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