Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

the following are selected accounts and account balances of A Company on dec.31: permanent/temporary normal balance inventory land wages payable capital stock retained earnings revenues

the following are selected accounts and account balances of A Company on dec.31:

permanent/temporary normal balance

inventory

land

wages payable

capital stock

retained earnings

revenues

dividends

advertising expense

required:

a. indicate which account is permanent or temporary

b. indicate which account is debt or credit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microsoft Excel For Accounting The First Course

Authors: L Murphy Smith, Katherine Smith

1st Edition

0130085529, 978-0130085528

More Books

Students also viewed these Accounting questions

Question

Values: What is important to me?

Answered: 1 week ago

Question

Purpose: What do we seek to achieve with our behaviour?

Answered: 1 week ago

Question

An action plan is prepared.

Answered: 1 week ago