menu
bartleby
search
close search
Hit Return to see all results
close solutoin list

Identifying permanent accounts Which of the following accounts will usually appear in the post-closing trial balance? a. Accounts Payable b. Accumulated Depreciation c. Cash d. Common Stock e. Dividends f. Depreciation Expense g. Fees Earned h. Office Equipment i. Salaries Expense j. Salaries Payable k. Supplies

BuyFindarrow_forward

Financial And Managerial Accounting

15th Edition
WARREN + 1 other
Publisher: Cengage Learning,
ISBN: 9781337902663

Solutions

Chapter
Section
BuyFindarrow_forward

Financial And Managerial Accounting

15th Edition
WARREN + 1 other
Publisher: Cengage Learning,
ISBN: 9781337902663
Chapter 4, Problem 17E
Textbook Problem
1 views

Identifying permanent accounts

Which of the following accounts will usually appear in the post-closing trial balance?

  1. a. Accounts Payable
  2. b. Accumulated Depreciation
  3. c. Cash
  4. d. Common Stock
  5. e. Dividends
  6. f. Depreciation Expense
  7. g. Fees Earned
  8. h. Office Equipment
  9. i. Salaries Expense
  10. j. Salaries Payable
  11. k. Supplies

To determine

Identify the accounts that will appear in the post-closing trial balance.

Explanation of Solution

Permanent accounts: Permanent accounts are the balance sheet accounts which are not closed at the end of the each year and its ending balance from the current year becomes the beginning balance in the next year.

Following are the permanent accounts that will appear in the post-closing trial balance:

SectionAccounts appear in post-closing trial balance
a.Accounts payable
b.Accumulated depreciation
c...

Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started

Chapter 4 Solutions

Financial And Managerial Accounting
Show all chapter solutions
add
Ch. 4 - Flow of accounts into financial statements The...Ch. 4 - Statement of stockholders equity Scott Lockhart...Ch. 4 - Classified balance sheet The following accounts...Ch. 4 - Closing entries After the accounts have been...Ch. 4 - Accounting cycle From the following list of steps...Ch. 4 - Working capital and current ratio Current assets...Ch. 4 - Flow of accounts into financial statements The...Ch. 4 - Classifying accounts Balances for each of the...Ch. 4 - Financial statements from the end-of-period...Ch. 4 - Financial statements from the end-of-period...Ch. 4 - Income statement The following account balances...Ch. 4 - Income statement; net loss The following revenue...Ch. 4 - Income statement FedEx Corporation (FDX) had the...Ch. 4 - Statement of stockholders equity Climate Control...Ch. 4 - Statement of stockholders equity; net loss...Ch. 4 - Classifying assets Identify each of the following...Ch. 4 - Balance sheet classification At the balance sheet...Ch. 4 - Balance sheet Dynamic Weight Loss Co. offers...Ch. 4 - Balance sheet The following balance sheet was...Ch. 4 - Identifying accounts to be closed From the list...Ch. 4 - Closing entries with net income Automation...Ch. 4 - Closing entries with net loss Summit Services Co....Ch. 4 - Identifying permanent accounts Which of the...Ch. 4 - Post-closing trial balance An accountant prepared...Ch. 4 - Steps in the accounting cycle Rearrange the...Ch. 4 - Completing an end-of-period spreadsheet List (a)...Ch. 4 - Appendix 1 Adjustment data on an end-of-period...Ch. 4 - Appendix 1 Completing an end-of-period spreadsheet...Ch. 4 - Appendix 1 Financial statements from an...Ch. 4 - Appendix 1 Adjusting entries from an end-of-period...Ch. 4 - Appendix 1 Closing entries from an end-of-period...Ch. 4 - Reversing entry The following adjusting entry for...Ch. 4 - Adjusting and reversing entries On the basis of...Ch. 4 - Adjusting and reversing entries On the basis of...Ch. 4 - Entries posted to wages expense account Portions...Ch. 4 - Entries posted to wages expense account Portions...Ch. 4 - Financial statements and closing entries Beacons...Ch. 4 - Financial statements and closing entries Foxy...Ch. 4 - T accounts, adjusting entries, financial...Ch. 4 - Ledger accounts, adjusting entries, financial...Ch. 4 - Complete accounting cycle For the past several...Ch. 4 - Financial statements and closing entries Last...Ch. 4 - Financial statements and closing entries The...Ch. 4 - T accounts, adjusting entries, financial...Ch. 4 - Ledger accounts, adjusting entries, financial...Ch. 4 - Complete accounting cycle For the past several...Ch. 4 - The unadjusted trial balance of PS Music as of...Ch. 4 - Kelly Pitney began her consulting business, Kelly...Ch. 4 - Analyze and compare Amazon.com to Best Buy...Ch. 4 - Analyze and compare Zynga, Electronic Arts, and...Ch. 4 - Analyze and compare Foot Locker and The Finish...Ch. 4 - Analyze Under Armour The following year-end data...Ch. 4 - Analyze Sears Holding Corporation Sears Holdings...Ch. 4 - Analyze and compare Alphabet (Google) and...Ch. 4 - Ethics in Action New Wave Images is a graphics...Ch. 4 - Your friend, Daniel Nat, recently began work as...Ch. 4 - Minus for supplies? The following is an excerpt...Ch. 4 - Financial statements and loan Assume that you...

Additional Business Textbook Solutions

Find more solutions based on key concepts
Show solutions add
Conciseness es valued in business. However, can messages be too short?

Essentials of Business Communication (MindTap Course List)

Explain how a trial balance and a balance sheet differ.

College Accounting (Book Only): A Career Approach

What is the purpose of endorsing a check?

College Accounting (Book Only): A Career Approach

Explain when revenues are recorded under the cash basis, modified cash basis, and accrual basis of accounting.

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

DEBT TO CAPITAL RATIO Bartley Barstools has a market/book ratio equal to 1. Its stock price is 14 per share and...

Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)

Could the United States ever experience another Great Depression? Why or why not?

Economics: Private and Public Choice (MindTap Course List)