Which of the following accounts would be included in a post-closing trial balance?

Cowboy Ventures, Inc.’s most recent balance sheet reports total assets of $27,000,000, total liabilities of $15,000,000 and total equity of $12,000,000. The debt to equity ratio for the period is (rounded to two decimals):

Swallow Rentals purchased office supplies on credit. The general journal entry made by Swallow Rentals will include a:

Two common subgroups for liabilities on a classified balance sheet are:

Peter’s Accounting paid $500 on account for supplies purchased in the prior month. Which of the following general journal entries will Peter’s Accounting make to record this transaction?

Asian Day Spa purchased $7,800 in plumbing components from Kraft Suppliers. Asian Day Spa signed a 60-day, 10% promissory note for $7,800. If the note is dishonored, what is the amount due on the note? (Use 360 days a year.)

Identify the statement below that is true.

A $15 credit to Sales was posted as a $150 credit. By what amount is the Sales account in error?

Assuming prepaid expenses are originally recorded in balance sheet accounts, the adjusting entry to record use of a prepaid expense is:

Joey’s Bike Shop has total assets of $425 million. Its total liabilities are $110 million. Its equity is $315 million. Calculate the debt ratio.