Match each item with the correct statement below.Only the ____ accounts appear on the post-closing trial balance. ____ accounts are used to record information during the fiscal period; their balances are transferred to a permanent account at the end of the accounting period. The ____ is the report prepared at the end of the fiscal period to test the equality of the general ledger after all adjusting and closing entries have been posted. Journal entries that are made to transfer the balances of temporary accounts to a permanent account are called ____.Fill in the blanks with the following:*permanent*temporary*closing entries*post-closing trial balance

Post-closing trial balances are prepared at the end of the accounting period. It is prepared after…

Answered: Match each item with the correct…

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter5: Closing Entries And The Post-closing Trial Balance

Section: Chapter Questions

Problem 1CP: After the adjusting entries are recorded and posted and the financial statements have been prepared,...

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Match each item with the correct statement below.

Only the ____ accounts appear on the post-closing trial balance.
____ accounts are used to record information during the fiscal period; their balances are transferred to a permanent account at the end of the accounting period.
The ____ is the report prepared at the end of the fiscal period to test the equality of the general ledger after all adjusting and closing entries have been posted.
Journal entries that are made to transfer the balances of temporary accounts to a permanent account are called ____.

Fill in the blanks with the following:

*permanent

*temporary

*closing entries

*post-closing trial balance

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