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:

Interpreter

A person who translates spoken or signed language into another language, facilitating communication between speakers of different languages.

Elements

Substances consisting of atoms with the same number of protons, categorized in the periodic table.

Satisfaction

The feeling of fulfillment or pleasure derived from achieving one's goals or fulfilling one's needs.

Posttraumatic Stress Disorder

A psychiatric disorder that can occur in people who have experienced or witnessed a traumatic event, characterized by severe anxiety, flashbacks, and uncontrollable thoughts about the event.