. Identify whether each of the following accounts would be considered a permanent account (yeso) and which financial statement it would be reported on (Balance Sheet, Income Statement, or Retained Earnings Statement). Accumulated Depreciation: Yes, Balance sheet Buildings: Yes, Balance sheet Depreciation Expense: No, Income statement Equipment: Yes, Balance sheet Fees Earned Revenue: No, income statement Insurance Expense: No, income statement Prepaid Insurance: Yes, Balance sheet Supplies Expense: No, income statement Dividends: No, retained earnings The following selected accounts and normal balances existed at year-end. Notice that expenses exceed revenue in this period. Make the four journal entries required to close the books: Using the following Balance Sheet summary information, calculate for the two companies presented: working capital current ratio

Identify whether each of the following accounts would be considered a permanent account (yeso) and which financial statement it would be reperted on (Balance Sheet, Income Staternent, or Retained Barmings Statement). Acctmulated Depreciation: Yes, Balance sheet Buildings: Yes, Balance sheet Depreclation Expense; No, Income statement Equipment: Yes, Balance sheet Fees Earned Revenue: No, income statement Insurance Expense: No, income statement Prepaid Insurance; Yes, Balance sheet Supplies Expense: No, income statement Dividends: No, retained eamings The following selected accounts and normal balances existed at year-end. Notice that erpenses exceed revenue in this period. Make the four journal entries required to close the books: Using the following Balance Sheet summary information, calculate for the two companies presented: working capital current ratio 2.PA L0 5.1 The tollowing selected accounts and normal balances existed at year-end. Make the four journal entries required to close the books: 3. PA LO 5.1 The following selected accounts and normai balances existed at year-end. Notice that expenses exceed revenue in this period. Make the four journal entries required to close the books: 13.PA LO 5.3 Using the following Balance Sheet summary information, for the two years presented calculate: A. working capital B. current ratio 14.PA LO 5.3 Using the following Balance Sheet summary information, calculate for the two companies presented: A. working capital B. current ratio 15.PA LO 5.3 Using the following account balances, calculate for the two years presented: A. working capital B. current ratio