Which of the following accounts is included in the postclosing trial balance?

Question

Dividends

Sales revenue

Retained earnings

Salaries expense

Answer 1

In the post-closing trial balance, only Retained Earnings is included.

Here's a brief explanation of each option:

• Dividends: This account is closed to Retained Earnings and is not included in the post-closing trial balance.
• Sales Revenue: This account is also closed at the end of the accounting period and is not included in the post-closing trial balance.
• Retained Earnings: This is a permanent account that is included in the post-closing trial balance.
• Salaries Expense: This account is closed out to Retained Earnings and is not included in the post-closing trial balance.

Therefore, the correct answer is Retained Earnings.