Listed in Post-Closing Trial Accounts Balance (Yes or No) Supplies [ Select ] Fees Earned Revenue [ Select ] Advertising Expense [ Select ] Prepaid Advertising [ Select ] Income Summary [ Select ] Unearned Fee Revenue [ Select ] Cash [ Select ] Supplies Expense [ Select ] Dividends [ Select ] Accounts Payable [ Select ]

How would a business record a bill received in QuickBooks?

Complete the statement: closing entries ________ A.    Reflect the net income for the accounting period B.    Are also posted in the subsidiary ledgers C.    Involve all ledger accounts D.    Are recorded in the special journals The process wherein transactions are recorded in the journal are transferred to the appropriate accounts in the general ledger and subsildiary ledgers, if appropriate, is called ___________ A.    Ledgering B.    Analyzing C.    Posting D.    Journalizing

The account that is brought up to date after the closing entries have been journalized and posted is the ____.   Select one: a. Capital Account b. Sales account c. Capital Stock account d. Purchases account