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Question

The following accounts were included on a company's adjusted trial balance. In the blank space, identify which

accounts should be closed (C) or not closed (NC) at the year end.

________ Accounts payable________ Notes payable________ Accounts receivable________ Rent revenue________ Depreciation expense________ Prepaid expenses________ Operating expenses________ Equipment________ Unearned revenue________ S. Young, drawings________ Interest expense________ Accumulated depreciation________ S. Young, capital________ Supplies

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identified which accounts should... View the full answer

accounts NC OR C.PNG

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