Chapter 3, Problem 11DQ

a.

To determine

Explain whether the fees income account is a permanent account or temporary account.

b.

To determine

Explain whether the J.J. drawing account is a permanent account or temporary account.

c.

To determine

Explain whether Accounts payable is a permanent account or temporary account.

d.

To determine

Explain whether accounts receivable is a permanent account or temporary account.

e.

To determine

Explain whether J.J. capital account is a permanent account or temporary account.

f.

To determine

Explain whether prepaid rent account is a permanent account or temporary account.

g.

To determine

Explain whether cash account is a permanent account or temporary account.

h.

To determine

Explain whether advertising expense account is a permanent account or temporary account.

i.

To determine

Explain whether utilities expense account is a permanent account or temporary account.

j.

To determine

Explain whether equipment account is a permanent account or temporary account.

k.

To determine

Explain whether salaries expense account is a permanent account or temporary account.

l.

To determine

Explain whether prepaid insurance account is a permanent account or temporary account.