Which account will appear on an After-Closing Trial Balance?
A)Dividends
B)Prepaid Expenses
C)Retained Earnings,at the beginning of the period
D)Sales

Name: Which account will appear on an After-Closing Trial Balance? A)Dividends B)Prepaid Expenses C)Retained Earnings,at the beginning of the period D)Sales
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Question

Quizplus · Accepted Answer

Prepaid Expenses are asset accounts and remain on the balance sheet after closing entries are made, thus appearing on the After-Closing Trial Balance.

Which Account Will Appear on an After-Closing Trial Balance