Which of the following accounts appear on the post-closing trial balance? Sales

Question

Which of the following accounts appear on the post-closing trial balance? Sales Revenue Dividends Cash Rent Expense Which of the following accounts would NOT appear on a post-closing trial balance? Accounts Receivable Dividends Sales tax Payable Common Stock The entry to do00 revenue accounts includes: a debit to Retained Earnings and credits to the respective revenue accounts. a debit to Dividends and credits to the respective revenue accounts. debits to the respective revenue accounts and a credit to Retained Earnings. debits to the respective revenue accounts and a credit to Dividends.

Explanation / Answer

31- C

The post-closing trial balance contains no revenue, expense, gain, loss, or summary account balances, since these temporary accounts have already been closed and their balances moved into the retained earnings account as part of the closing process.

32 - b dividends

The post-closing trial balance contains no revenue, expense, gain, loss, or summary account balances, since these temporary accounts have already been closed and their balances moved into the retained earnings account as part of the closing process.

33- C DEBIT TO THE RESPECTIVE REVENUE ACCOUNT AND A CREDIT TO RETAINED EARNINGS

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