Identify Which of the Following Accounts Would Have Balances on a Post-Closing

question 86

Short Answer

Identify which of the following accounts would have balances on a post-closing trial balance.
(1) Service Revenue
(2) Income Summary
(3) Notes Payable
(4) Interest Expense
(5) Cash

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Definitions:

Genetic Counseling

A service that provides information and support to people who have or may be at risk for genetic disorders.

Genetic Disorders

Conditions caused by abnormalities in an individual's DNA, which can result in physical, mental, or metabolic anomalies.

Personal Questions

Queries that focus on private or sensitive information about an individual's life, preferences, or experiences.

Blood Disorder

A condition affecting the blood's ability to function properly, which can include diseases like anemia or hemophilia.