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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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
Transcribed Image Text:**Problem Set A**
**PA1. LO 5.1** Identify whether each of the following accounts would be considered a permanent account (yes/no) and which financial statement it would be reported on (Balance Sheet, Income Statement, or Retained Earnings Statement).
A. Accumulated Depreciation
B. Buildings
C. Depreciation Expense
D. Equipment
E. Fees Earned Revenue
F. Insurance Expense
G. Prepaid Insurance
H. Supplies Expense
I. Dividends
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- "Identify each of the following accounts of Kaiser Services Co. as asset, liability, stockholders’ equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit:A.Accounts PayableB.Accounts ReceivableC.CashD.Common StockE.DividendsF.Fees EarnedG.Office EquipmentH.Rent ExpenseI.SuppliesJ.Wages Expensearrow_forwardWhich of the following is a connector account? Retained Earnings O Prepaid Rent O Common Stock O Bond Payable O Accumulated Depreciationarrow_forwardrmn.3arrow_forward
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