Post-closing trial balance include all of the following account, except a. asset b. liabilities c. capital d. withdrawal

Identify each account as an Asset (A), Liability (L), or Equity (E).

The adjusting entry to record depreciation includes a. a debit to an expense account. O b. a debit to a liability account. O c. a credit to stockholders' equity account. O d. a debit to an asset account.

Select the correct account type(asset, liability, equity, revenue, expense) for the below accounts: Depreciation expense Answer 1Choose...RevenueAssetLiabilityEquityExpense Drawings Answer 2Choose...RevenueAssetLiabilityEquityExpense Prepaid Insurance Answer 3Choose...RevenueAssetLiabilityEquityExpense Unearned Service Revenue Answer 4RevenueAssetLiabilityEquityExpense

In the blank space beside each account, enter the code for the financial statement column (IS or BS) where a normal account balance is extended. Use IS for the Income Statement column or BS for the Balance Sheet and Statement of Owner’s Equity column. a. Equipment b. Owner, Withdrawals c. Prepaid Rent d. Depreciation Expense e. Accounts Receivable f. Insurance Expense g. Supplies h. Rent Expense i. Cash

Adjusting entries affect at least one balance sheet account and at least one income statement account. For the entries below, identify the account to be debited and the account to be credited from the following accounts: Cash; Accounts Receivable; Prepaid Insurance; Equipment; Accumulated Depreciation; Wages Payable; Unearned Revenue; Revenue; Wages Expense; Insurance Expense; and Depreciation Expense. Indicate which of the accounts is the income statement account and which is the balance sheet account. a. Entry to record revenue earned that was previously received as cash in advance. b. Entry to record wage expenses incurred but not yet paid (nor recorded). c. Entry to record revenue earned but not yet billed (nor recorded). d. Entry to record expiration of prepaid insurance. e. Entry to record annual depreciation expense.

"How does adjusting entries affect the six main categories of accounting? Think about what accruals and deferrals do both individually to accounts and overall to the financial statements."

Which of the following are all temporary accounts? a.Liabilities and assets b.Liabilities, revenue, and expenses c.Assets, liabilities, and owner's Drawing d.Revenue, expenses, and the Owner's Drawing e.Revenue, liabilities, and the owner's Drawing

Which of the following entries properly closes a temporary account? Select one: a. Income Summary XX Cash b. C. Debit Credit Expense Accumulated Depreciation XX Income Summary Income Summary d. e. XX Retained Earnings XX Dividends Debit Credit Debit Credit XX Debit Credit Income Summary XX Revenue XX XX Debit Credit XX XX

Please answer with reason for all why the option is correct and why the other options are incorrect.. Accounting type Question: A Trial Balance shows A. The balance of Profit and Loss Account B. Complete accuracy of accounting done by the accountant C. Arithmetical accuracy of ledger balances D. Balance between assets and liabilities Answer: Option C