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A Number of Accounts Are Listed Below

Question 62

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A number of accounts are listed below.Use the table to classify each account by indicating whether it is a temporary or permanent account,whether it is included in the Income Statement or Balance sheet,and if it is closed at the end of the accounting period,and,if so,whether it is closed with a debit or credit.The first one is done as an example. A number of accounts are listed below.Use the table to classify each account by indicating whether it is a temporary or permanent account,whether it is included in the Income Statement or Balance sheet,and if it is closed at the end of the accounting period,and,if so,whether it is closed with a debit or credit.The first one is done as an example.

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