Question

Identity which of the following accounts would be included in a post-closing trial balance.

a. Accounts Receivable c. Goodwill e. Income Tax Expense

b. Salaries Expense d. Land f. Salaries Payable

Short answer

Answer:

Accounts receivable, land goodwill, and salary payable.

Step-by-step solution

Step-by-Step Solution

Step 1: Accounts Receivable

When service is rendered but payment is still due, this amount is known as accounts receivable.

Accounts included in the post-closing trial balance

Accounts included in the post-closing trial balance

1. Accounts Receivable: Accounts receivable is permanent account.
2. Land: Land is fixed asset account which is shown in post-closing trial balance.
3. Salaries Payable: Salary payable is the permanent account shown at liability side of balance sheet.
4. Goodwill: Goodwill is the intangible assets of the company.