Multiple Choice
Which of the following accounts would not appear in a closing entry?
A) Interest expense
B) Accumulated depreciation
C) Cost of goods sold
D) Dividends
E) Both B and D
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q51: Expenses that are paid in advance are
Q52: Examine the financial statements effects template below.
Q53: During the year ended December 31, 2016,
Q54: During the year ended December 31, 2016,
Q55: The January 28, 2017 income statement and
Q56: Maibrit's Bike's began operations in April 2017
Q57: Revenues and expenses affect the income statement
Q59: Prepare journal entries to record the following
Q60: The December 28, 2016 income statement of
Q61: Select accounts of Burger Express are