QuestionMay 23, 2025

Which of the following accounts is not listed in a post-closing trial balance? Multiple Choice Accounts Payable. Retained Earnings. Salaries Expense. Prepaid Rent.

Which of the following accounts is not listed in a post-closing trial balance? Multiple Choice Accounts Payable. Retained Earnings. Salaries Expense. Prepaid Rent.
Which of the following accounts is not listed in a post-closing trial balance?
Multiple Choice
Accounts Payable.
Retained Earnings.
Salaries Expense.
Prepaid Rent.

Solution
4.1(281 votes)

Answer

Salaries Expense. Explanation 1. Identify accounts in post-closing trial balance Post-closing trial balance includes only permanent accounts (assets, liabilities, and equity). Temporary accounts (revenues, expenses, dividends) are closed. 2. Determine which account is temporary Salaries Expense is a temporary account and is closed at the end of the accounting period.

Explanation

1. Identify accounts in post-closing trial balance<br /> Post-closing trial balance includes only permanent accounts (assets, liabilities, and equity). Temporary accounts (revenues, expenses, dividends) are closed.<br /><br />2. Determine which account is temporary<br /> Salaries Expense is a temporary account and is closed at the end of the accounting period.
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