22) Indicate the normal balance of the account with a DR or CR and identify each account as permanent (P) or temporary (T). Account Normal balance Permanent or temporary 1. ...





22) Indicate the normal balance of the account with a DR or CR and identify each account as permanent (P) or temporary (T).


































































Account




Normal balance




Permanent or



temporary




1.




Prepaid insurance










2.




Insurance expense










3.




Notes receivable










4.




Interest revenue










5.




Interest receivable










6.




Notes payable










7.




Interest expense










8.




Interest payable


















May 15, 2022
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