Essay
Indicate beside each of the following accounts whether the account is a temporary or permanent account.(a) Cash(b) Prepaid insurance(c) Unearned Revenue(d) Accounts receivable(e) Insurance expense(f) Smith, capital(g) Smith, withdrawals(h) Rent expense(i) Revenue(j) Supplies(k) Supplies expense(l) Depreciation expense, building(m) Accumulated depreciation, building
Correct Answer:

Verified
(a) permanent (b) permanent (c...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q95: The first five steps in the accounting
Q114: An unclassified balance sheet provides more information
Q122: Which statement is true about liquidity? Prepaid
Q123: Describe a work sheet and explain why
Q123: Assets are classified into current assets, investments,
Q124: Accounts that are used to describe assets,
Q127: Using the following partial Excel work sheet
Q128: Which statement is incorrect?<br>A) Revenue accounts are
Q130: If interim financial statements are required, adjusting
Q131: The current ratio<br>A) Is current assets divided