233. A number of accounts are listed below. Use the table to classify each account by indicating whether it is a temporary or permanent account, whether it is included in the Income Statement or Balance sheet, and if it is closed at the end of the accounting period, and, if so, whether it is closed with a debit or credit. The first one is done as an example.
Account
Permanent (P)orTemporary (T)
IncomeStatement (IS)or BalanceSheet (BS)
Closed (C)orNotClosed (NC)
ClosedwithDebit (Dr)orCredit (CR)
a.
Accounts payable.............
P
BS
NC
b.
Accounts receivable...........
c.
Accumulated depreciation,
Building.................
d.
Marketing expense..........
e.
Cash...............................
f.
Unearned revenues...........
g.
Depreciation expense—
Building......................
h.
Dividends........
i.
j.
Insurance expense..........
k.
Interest expense.............
l.
Miscellaneous expense....
m
Notes payable.................
n.
Store supplies................
o.
Store supplies expense...
p.
Prepaid rent...........
q.
Rent expense................
r.
Common stock................
s.
Salaries expense............
t.
Salaries payable..............
u.
Service revenue.........................
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