Shown below is Bill Brady Law's adjusted trial balance at the end of its annual accounting period. Prepare the necessary closing entries.

Shown below is Bill Brady Law's adjusted trial balance at the end of its annual accounting period. 

Prepare the necessary closing entries. 

 

 

 

 

 

Question 2.

 Indicate beside each of the following accounts whether the account is a temporary or permanent account.

(a) Cash

(b) Prepaid insurance

(c) Unearned fees

(d) Accounts receivable

(e) Insurance expense

(f) Smith, capital

(g) Smith, withdrawals

(h) Rent expense

(i) Fees earned

(j) Supplies

(k) Supplies expense

(l) Depreciation expense, building

(m) Accumulated depreciation, building