Identify Which of the Following Accounts Would Appear in a Post-Closing

question 130

Essay

Identify which of the following accounts would appear in a post-closing trial balance.

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Definitions:

Office Supplies Expense

An accounting category used to track the cost of office supplies used during a specific period.

Office Supplies

Materials and products stocked in an office environment used in its daily operations, such as pens, paper, staplers, and printers.

Year-End

The completion of an accounting period, typically a 12-month cycle, at which time a company prepares financial statements and closes its books.

Unearned Revenue

Unearned revenue refers to money received by a company for goods or services yet to be delivered or performed, hence recognized as a liability until the service is completed.