Frank's Franks posted a cost of goods sold of $5,000 and had an average payables of $125. Calculate the Accounts Payable Period

Which of the following is the final step in the journalizing and posting process?

A) Posting the accounts to the ledger B) Identifying each account affected and its type C) Determining whether the accounting equation is in balance D) Determining whether each account has increased or decreased

Which type of listing allows a seller to sell the property himself or herself without having to pay any commission to any broker?

A. Closed Listing B. Special Listing C. Encumbrance Listing D. Open Listing