Listed below are a number of accounts. Use the table to classify each account. Indicate whether it
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Listed below are a number of accounts. Use the table to classify each account. Indicate whether it is a temporary or permanent account (T or P), whether it is included in the income statement or balance sheet (IS or BS), whether it is closed at the end of the accounting period, and if so, how it is closed (Dr. or Cr. entry). The first one is done as an example.
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Related Book For
College Accounting Ch 1-14
ISBN: 9781260904314
1st Edition
Authors: John Wild, Vernon Richardson, Ken Shaw
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