Question and answer
MC Qu. 64 After the worksheet has been completed, the ... After the worksheet has been completed, the next step in the accounting cycle is to journalize and post the closing entries. prepare the financial statements. journalize and post the adjusting entries. prepare the postclosing trial balance.
s
After the worksheet has been completed, the next step in the accounting cycle is to journalize and post the closing entries.
Expert answered|selymi|Points 10086|
Question
Asked 2/23/2013 10:58:59 AM
0 Answers/Comments
This answer has been confirmed as correct and helpful.
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
A postclosing trial balance could include al... A postclosing trial balance could include all of the following except the Accounts Receivable account. Fees Income account. owner's capital account. Cash account.
Weegy: A post closing trial balance would include account balances for assets, liabilities, stockholders equity, revenues, expenses and dividends (More)
Question
Expert Answered
Updated 11/19/2016 9:09:26 AM
1 Answer/Comment
A postclosing trial balance could include all of the following except fees income account.
Added 11/18/2016 12:43:02 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [11/19/2016 9:09:27 AM]
MC Qu. 31 One purpose of closing entries is to give ze... One purpose of closing entries is to give zero balances to revenue and expense accounts. liability and capital accounts. asset and liability accounts. expense and capital accounts.
Question
Updated 5/24/2018 4:48:26 PM
1 Answer/Comment
One purpose of closing entries is to give zero balances to revenue and expense accounts.
Added 5/24/2018 4:48:26 PM
This answer has been confirmed as correct and helpful.
One purpose of closing entries is to give zero balances to expense and capital accounts. revenue and expense accounts. liability and capital accounts. asset and liability accounts.
Question
Updated 1/20/2016 9:17:09 PM
1 Answer/Comment
One purpose of closing entries is to give zero balances to revenue and expense accounts.
Added 1/20/2016 4:43:29 PM
This answer has been confirmed as correct and helpful.
Confirmed by Andrew. [1/20/2016 9:17:11 PM]
31,990,844
questions answered
Popular Conversations
GET
Answers.
GET THE APP.
weegy*
*
Get answers from Weegy and a team of really smart live experts.
S
L
Points 570 [Total 3567] Ratings 1 Comments 560 Invitations 0 Offline
S
L
P
L
P
Points 481 [Total 6504] Ratings 1 Comments 471 Invitations 0 Offline
S
L
P
R
P
R
L
P
P
C
R
P
R
L
P
R
Points 426 [Total 12517] Ratings 1 Comments 296 Invitations 12 Offline
S
L
P
1
Points 351 [Total 3207] Ratings 1 Comments 341 Invitations 0 Offline
S
L
Points 325 [Total 1818] Ratings 1 Comments 315 Invitations 0 Online
S
L
Points 212 [Total 4596] Ratings 1 Comments 202 Invitations 0 Offline
S
L
1
Points 142 [Total 3453] Ratings 2 Comments 122 Invitations 0 Offline
S
L
Points 101 [Total 252] Ratings 2 Comments 81 Invitations 0 Offline
S
L
Points 71 [Total 230] Ratings 0 Comments 71 Invitations 0 Offline
S
L
L
Points 48 [Total 5336] Ratings 1 Comments 38 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.