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For each of the following accounts, identify what type of account it is and state whether it is a temporary or permanent account. Use the
For each of the following accounts, identify what type of account it is and state whether it is a temporary or permanent account. Use the following for account type (Asset, Liability, Shareholders equity, Revenue, Expense, and Dividends declared). If the account is a contra account, put a Contra in front of the account type.
Type of Account Temporary or Permanent 2. 3. 4. 5. 6. 7. 8. 9. 10. Accumulated depreciation, buildings Interest payable Common shares Unearned revenue Cost of goods sold Sales revenue Dividends declared Interest revenue Prepaid expenses Depreciation expenseStep by Step Solution
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