Question
Account Name Account type Normal balance? (Debit or Credit ?) Temporary account or permanent account? Does it get closed? Which financial statement is it reported?
| Account Name | Account type
| Normal balance? (Debit or Credit ?) | Temporary account or permanent account? | Does it get closed? | Which financial statement is it reported? |
| Cash | Current asset | Debit | Permanent | No | Balance sheet |
| Depreciation expense |
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| Unearned revenue |
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| Common shares |
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| Equipment |
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| Retained earnings |
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| Rent expense |
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| Service revenue |
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| Copyrights |
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| Land |
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| Bonds payable |
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
13th Edition
978-0697789938
