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?

Answer 1

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