Question

hich of the following accounts is not listed in a post-closing trial balance? multiple choice salaries expense. retained earnings. prepaid rent. accounts payable?

Answer 1

Accounts payable is not listed in a post-closing trial balance.

Step-by-step explanation:

A post-closing trial balance is a list of accounts and their balances after all closing entries have been made at the end of the accounting period. It includes the permanent accounts – assets, liabilities, and retained earnings. The salaries expense and prepaid rent are temporary accounts that will be closed and not appear in the post-closing trial balance. When a creditor orders products or services without receiving payment in full up front, the result is an obligation known as accounts payable, indicating that the things were purchased on credit.