Are the following accounts permanent or temporary accounts? a. Fees Income b. Johnny Jones, Drawing c. Accounts

Question:

Are the following accounts permanent or temporary accounts?
a. Fees Income
b. Johnny Jones, Drawing
c. Accounts Payable
d. Accounts Receivable
e. Johnny Jones, Capital
f. Prepaid Rent
g. Cash
h. Advertising Expense
i. Utilities Expense
j. Equipment
k. Salaries Expense
l. Prepaid Insurance

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

College Accounting A Contemporary Approach

ISBN: 978-0077639730

3rd edition

Authors: David Haddock, John Price, Michael Farina

Question Posted: