1. What is the post-closing trial balance? 2. If a business had a net loss for the year, what would be the closing entry to close Income Summary and transfer the net loss to the Owner, Capital...

1. What is the post-closing trial balance?

2. If a business had a net loss for the year, what would be the closing entry to close Income Summary and transfer the net loss to the Owner, Capital account?

3. What types of accounts are listed on the post-closing trial balance?