26 Prepare a Post-Closing attempt Balance

The ninth, and also typically final, action of the process is to prepare a post-closing attempt balance. The word “post” in this instance means “after.” You room preparing a attempt balance after the closeup of the door entries are complete.

You are watching: Identify which of the following accounts would be included in a post-closing trial balance

Like all trial balances, the post-closing psychological balance has actually the project of verifying the the debit and also credit totals space equal. The post-closing psychological balance has one added job that the other trial balances execute not have. The post-closing trial balance is also used come double-check the the just accounts with balances after ~ the closing entries are permanent accounts. If over there are any type of temporary accounts on this psychological balance, girlfriend would recognize that there was an error in the close up door process. This error need to be fixed before starting the new period.

The procedure of preparing the post-closing psychological balance is the very same as you have done once preparing the unadjusted attempt balance and adjusted trial balance. Only permanent account balances should appear on the post-closing psychological balance. These balances in post-closing T-accounts are transferred over to one of two people the debit or credit obelisk on the post-closing attempt balance. As soon as all accounts have actually been recorded, total each column and also verify the columns same each other.

The post-closing trial balance because that Printing plus is presented in (Figure).


(Figure)Identify i m sorry of the following accounts would be detailed on the company’s Post-Closing attempt Balance.

Accounts ReceivableAccumulated DepreciationCashOffice ExpenseNote PayableRent RevenueRetained EarningsUnearned rent Revenue

(Figure)Identify i m sorry of the complying with accounts would certainly not be provided on the that company Post-Closing attempt Balance.

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(Figure)The adhering to Post-Closing attempt Balance includes errors. Prepare a repair Post-Closing trial Balance:


(Figure)Assuming the following adjusted Trial Balance, develop the Post-Closing trial Balance that would result after all closing journal entries to be made and posted:


(Figure)Assuming the following changed Trial Balance, re-create the Post-Closing attempt Balance that would an outcome after all closing journal entries to be made and also posted:


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