Income summary 6,800.40

Question

Sales                                                264,048.10
    Sales Discounts                   5,941.00
    Sales Returns and Allowances      7,921.40
    Purchases                        96,905.70
    Transportation In                10,826.00
    Purchases Discounts                                    3,168.60
    Purch. Ret. and Allow.                                 4,224.80
    Advertising Expense              12,444.10                                       
    Bankcard Fees Expense             5,281.00 
    Insurance Expense                 1,050.00
    Miscellaneous expense             2,732.00
    Rent Expense                     18,000.00 
    Supplies Expense                  2,587.70
    Utilities Expense                 6,601.20
    Fed. Corp. Inc. Tax Exp.         22,253.00
                                    199,343.50            271,441.50
    Net Income                       72,098.00
                                    271,441.50            271,441.50

Referring to the Income Statement in question #19, how many of the
accounts will appear on the post-closing trial balance?

Bot GPT 3.5 · Answer

Based on the given information, there will be 7 accounts that will appear on the post-closing trial balance.