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need help with questions 7. What type of account is accumulated depreciation?... which financial statement does it appear on? 8. What is the purpose of
need help with questions
7. What type of account is accumulated depreciation?... which financial statement does it appear on? 8. What is the purpose of an adjusted trial balance? 9. What are some types of permanent accounts?... temporary accounts? a. Which financial statement do permanent accounts appear?... temporary accounts? b. What types of accounts are involved in closing entries?... temporary or permanent? c. How are temporary and permanent accounts different? 10. How does net income impact retained earnings? ...net loss? a. Revenue > Expenses = Net Income b. Expenses > Revenue = Net Loss c. What are the closing journal entries for net income, net loss? 11. What is the journal entry to close the dividends account? 12. What is the purpose of a post-closing trial balance Step by Step Solution
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