Multiple Choice
Respectively, inventory, accounts receivable, and accounts payable are:
A) temporary, permanent, and temporary accounts.
B) temporary, temporary, and permanent accounts.
C) all temporary accounts.
D) all permanent accounts.
E) permanent, temporary, and permanent accounts.
Correct Answer:

Verified
Correct Answer:
Verified
Q18: The unadjusted trial balance for wages expense
Q20: Closing entries are prepared for which of
Q21: Assets, liabilities, and retained earnings are permanent
Q22: At the beginning of the period, the
Q24: Data from the adjusted trial balance of
Q25: Data from the adjusted trial balance of
Q26: The post-closing trial balance should match the
Q27: At the end of the period, which
Q28: Adjusting entries for supplies and prepaid rent
Q148: Recording office supplies as an asset after