Examlex
The following selected accounts appear in the adjusted trial balance for Bender Company.
1. Accumulated Depreciation 5. Supplies
2. Depreciation Expense 6. Accounts Payable
3. J. Bender, Capital 7. Service Revenue
4. J. Bender, Drawings
Instructions
Identify the accounts that would be included in the post-closing trial balance.
Long Run
In economics, a period in which all inputs and outputs can be varied, allowing for the adjustment of all factors of production.
Perfect Competitor
A theoretical market where no individual buyer or seller has the power to affect the price of goods, leading to an optimal allocation of resources.
Long Run
A period in economics sufficient for all markets to adjust, including prices, outputs, and wages, reflecting changes in economic conditions or policies.
Perfect Competitor
A theoretical market scenario where many firms sell identical products, where no single buyer or seller can influence the market price.
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