A trial balance prepared after the closing entries have been posted would show a zero balance in which one of the following accounts?
A)Supplies.
B)Accounts receivable.
C)Accumulated depreciation.
D)Income tax expense.

Question

Quizplus · Accepted Answer

The closing entry for income tax expense is to debit Income tax expense and credit Income tax payable, which should result in a zero balance for Income tax expense in the trial balance after posting. A, B, and C are all accounts that could have balances remaining after the closing entries are posted.

A Trial Balance Prepared After the Closing Entries Have Been