Question
Fill in the blank in the tables Account Name Account type Normal balance? Temporary account or permanent account? Does it get closed? Which financial statement
| Fill in the blank in the tables
| |||||
| Account Name | Account type | Normal balance? | Temporary account or permanent account? | Does it get closed? | Which financial statement is it reported? |
| Cash | |||||
| Accounts payable | |||||
| Owners withdrawals | |||||
| Sales revenue | |||||
| Accumulated depreciation | |||||
| Purchases returns & allowances | |||||
| Owners capital | |||||
| Land | |||||
| Bonds payable | |||||
| Sales discount | |||||
| Prepaid insurance | |||||
| Notes payable (<1 year) | |||||
| Copyrights |
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Introduction to Corporate Finance What Companies Do
Authors: John Graham, Scott Smart
3rd edition
978-1111222284
