Question

Which Accounts get closed at the end of the year? Cash Petty Cash Accounts Receivable Allowance...

Which Accounts get closed at the end of the year?

Cash
Petty Cash
Accounts Receivable
Allowance for Doubtful Accounts
Notes Receivable
Interest Receivable
Inventory
Supplies Inventory
Prepaid Insurance
Prepaid Rent
Debt Investments
Equity Investments
Land
Buildings
Accum. Depr. - Buildings
Equipment
Accum. Depr. - Equipment
Notes Payable
Accounts Payable
Salaries and Wages Payable
Interest Payable
Dividends Payable
Long-term Notes Payable
Common Stock
Retained Earnings
Dividends
Income Summary
Sales Revenue
Sales Returns and Allowances
Sales Discounts
Cost of Goods Sold
Advertising Expense
Bad Debt Expense
Supplies Expense
Repairs & Maintenance Expense
Miscellaneous Expense
Depreciation Expense
Insurance Expense
Salaries and Wages Expense
Rent Expense
Payroll Tax Expense
Utilities Expense
Interest Revenue
Investment Income
Gain on Disposal of Plant Assets
Interest Expense
Loss on Disposal of Plant Assets
Income Tax Expense
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Homework Answers

Answer #1
Dividends
Income Summary
Sales Revenue
Sales Returns and Allowances
Sales Discounts
Cost of Goods Sold
Advertising Expense
Bad Debt Expense
Supplies Expense
Repairs & Maintenance Expense
Miscellaneous Expense
Depreciation Expense
Insurance Expense
Salaries and Wages Expense
Rent Expense
Payroll Tax Expense
Utilities Expense
Interest Revenue
Investment Income
Gain on Disposal of Plant Assets
Interest Expense

Loss on Disposal of Plant Assets

Income Tax Expense
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