Question
Fill in the blanks Account Name Account type Normal balance? Temporary account or permanent account? Does it get closed? Which financial statement is it reported?
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| Account Name | Account type | Normal balance? | Temporary account or permanent account? | Does it get closed? | Which financial statement is it reported? |
| Supplies |
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| Cost of goods sold |
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| Dividend income |
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| License |
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| Purchases discount |
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| Inventory |
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| Notes receivable (>1 year) |
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| Mortgages payable |
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| Unearned revenue |
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| Sales returns and allowances |
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| Prepaid rent |
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
