Friday, March 21, 2014

EX 4-18 Identifying permanent accounts

Which of the following accounts will usually appear in the post-closing trial balance?
a. Accounts Payable
b. Accumulated Depreciation
c. Anthony Adams, Capital
d. Anthony Adams, Drawing
e. Cash
f. Depreciation Expense
g. Fees Earned
h. Office Equipment
i. Salaries Expense
j. Salaries Payable
k. Supplies

Answer:
a. Accounts Payable
b. Accumulated Depreciation
c. Anthony Adams, Capital
e. Cash
h. Office Equipment
j. Salaries Payable
k. Supplies

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