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AAMI BUS 411: Accounting II Solved 100%
AAMI BUS 411: Accounting II Solved 100% 
Income Summary Account gets closed to: -Correct Answer-Capital. 
 
What account would you NOT find in a post closing trial balance? -Correct Answer-Postage Costs. 
 
The Capital Account gets closed to: -Correct Answer-It doesn't get closed. 
 
When closing Revenue to Income Summary, you do what to the Revenue Account? -Correct Answer-Debit Revenue. 
 
Is Accounts Receivable a permanent or temporary account? -Correct Answer-Permanent. 
 
Is "Accounts Pay...