[Answered] What is the first account that should be listed in the post-closing trial balance? a. Income ...

This topic contains a solution. Click here to go to the answer

Author Question: What is the first account that should be listed in the post-closing trial balance? a. Income ... (Read 46 times)

audragclark

Hero Member
Posts: 579

on: Jul 5, 2018

What is the first account that should be listed in the post-closing trial balance?
a. Income Summary
b. Owner, Capital
c. Cash
d. Fees Earned

Question 2

The operating budget process generally concludes with the preparation of the ________.

A) production budget
B) cash flow statement
C) research and development budget
D) budgeted income statement

Need homework help now?

Ask unlimited questions for free

Ask a Question

Marked as best answer by a Subject Expert

Jbrasil

Sr. Member
Posts: 337

Reply #1 on: Jul 5, 2018

Answer to Question 1

c

Answer to Question 2

Answer: D

audragclark

Member
Posts: 579

Reply 2 on: Jul 5, 2018

Gracias!

meow1234

Member
Posts: 333

Reply 3 on: Yesterday

TYSM

« previous next »

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

The average adult has about 21 square feet of skin.