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 abbreviations for account type (A – Asset, L – Liability, SE – Shareholders’ equity, R – Revenue, E – Expense, and DD – Dividends declared). If the account is a contra account, put a “C” in front of the abbreviation.

1. Dividends payable

2. Utilities expense

3. Supplies

4. Cost of goods sold

5. Common shares

6. Accumulated depreciation, equipment

7. Dividends declared

8. Sales revenue

9. Unearned revenue

10. Prepaid rent