For each account listed, identify whether the account is a temporary account or a permanent account. Account a. Rent Expense b. Prepaid Rent Permanent or Temporary? Question Viewer C. Equipment d. Munster, Capital Permanent e. Salaries Payable Temporary f. Munster, Withdrawals g. Service Revenue h. Supplies Expense i. Supplies
For each account listed, identify whether the account is a temporary account or a permanent account. Account a. Rent Expense b. Prepaid Rent Permanent or Temporary? Question Viewer C. Equipment d. Munster, Capital Permanent e. Salaries Payable Temporary f. Munster, Withdrawals g. Service Revenue h. Supplies Expense i. Supplies
Chapter5: Completing The Accounting Cycle
Section: Chapter Questions
Problem 1EB: Identify whether each of the following accounts are nominal/temporary or real/permanent. A. Rent...
Related questions
Question
![For each account listed, identify whether the account is a temporary account or a permanent account.
Account
a.
Rent Expense
b. Prepaid Rent
Permanent or
Temporary?
Question Viewer
C.
Equipment
d. Munster, Capital
Permanent
e.
Salaries Payable
Temporary
f.
Munster, Withdrawals
g.
Service Revenue
h. Supplies Expense
i.
Supplies](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd2096fe4-6a76-40ca-9b5d-47e4ab1a0bcf%2F93d75df5-90ce-42a4-94fb-ff0b3b38336e%2Fp5f2gjn_processed.png&w=3840&q=75)
Transcribed Image Text:For each account listed, identify whether the account is a temporary account or a permanent account.
Account
a.
Rent Expense
b. Prepaid Rent
Permanent or
Temporary?
Question Viewer
C.
Equipment
d. Munster, Capital
Permanent
e.
Salaries Payable
Temporary
f.
Munster, Withdrawals
g.
Service Revenue
h. Supplies Expense
i.
Supplies
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