Account Title Accounts Payable Accounts Receivable Accumulated Depreciation Advertising Expense Cash Cost of Goods Sold Equipment Land Long Term Debt Interest Payable Merchandise Inventory Notes Payable Retained Earnings Common Stock Prepaid Insurance Rent Expense Depreciation Expense Sales Accrued Liabilities Service Revenue Supplies Unearned Revenue Wages and Salaries Payable Classification (Asset, Liability, Equity, Normal Dividend, Revenue, Expense, or Contra Account) Balance (Debit or Credit) Financial Statement (IS- Income Statement, BS - Balance - Sheet, or SRE Statement of Retained Earnings Permanent/ Temporary This is a COMPLETION grade ONLY; not accuracy. The assignment will help you with creating a "cheat sheet" for the specific rules of different types of accounts you will encounter. In the excel below you have a list of accounts that you need to provide the following: 1) What type of account is this? 2) Is the normal balance a debit or credit? 3) Which financial statement will I find this account? 4) Is this account a permanent account or a temporary account? (Remember balance sheet accounts are permanent, while income statement accounts and dividends are temporary) Account Classification Worksheet Template-1.xlsx HINT: For the 1st account - Accounts Payable - We have a liability, which has a credit for the normal balance, we find this on the balance sheet, therefore this account is permanent)