Multiple Choice
Which of the following accounts will not be closed to the capital account at the end of the year?
A) Utilities Expense
B) Fees Earned
C) Prepaid Insurance
D) Insurance Expense
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q108: Which of the following statements indicates that
Q109: On the work sheet, the capital and
Q110: On the basis of the following information
Q111: After all of the account balances have
Q112: Land is an example of a plant
Q114: When preparing the statement of owner's equity,
Q115: Accrued taxes payable are generally reported on
Q116: Current assets and current liabilities for Brayden
Q117: On September 1, the company pays rent
Q118: After net income or loss is entered