Which of the following is not a temporary account? A A/P B Wages Expense C Drawing...
Which of the following is not a temporary account?
A
A/P
B
Wages Expense
C
Drawing
D
Consulting Revenue
Homework Answers
A. A/P i.e. Accounts payable
Temporary accounts refers to those accounts which are close at the end of accounting period. Like revenue, expenses, drawings. Wages expenses, Drawings, consulting revenue are temporary account.
Add Answer to:
Which of the following is not a temporary account?
A
A/P
B
Wages Expense
C
Drawing...
Which of the following accounts is considered a temporary or nominal account? Group of answer choices...
Which of the following accounts is considered a temporary or nominal account? Group of answer choices a-Prepaid Insurance b-Unearned Service Revenue c-Fees Earned Revenue d-Prepaid Advertising Which of these accounts is never closed? Group of answer choices a-Prepaid Rent b-Rent Revenue c-Rent Expense d-Income Summary
Identify the account: T-temporary, P-permanent (20 points) T-temporary P-permanent Account Name Building Common Stocks Dividends Land...
Identify the account: T-temporary, P-permanent (20 points) T-temporary P-permanent Account Name Building Common Stocks Dividends Land Mortgage Payable Retained Earnings Salaries and Wages Expense Service Revenues Unearned Revenues Utilities Expense
11 and 12 11. Which of the following is not a temporary account? A. Retained earnings....
11 and 12
11. Which of the following is not a temporary account? A. Retained earnings. B. Service revenue. C. Dividends. D. Salaries expense 12. Double-entry accounting is an accounting system: A. In which the impact of each transaction is checked twice to ensure there are no errors. B. That records the effects of transactions on at least two financial statements C. That records the effects of transactions and other events in at least two accounts with equal debits and...
1. Which of these accounts would not be present in the closing entries? a. Dividends Payable b. Utilities Expense c. Fee...
1. Which of these accounts would not be present in the closing entries? a. Dividends Payable b. Utilities Expense c. Fees Earned Revenue d. Insurance Expense 2. Which account would be credited when closing the account for fees earned for the year? a. Income Summary b. Accounts Receivable c. Fees Earned Revenue d. Unearned Fee Revenue 3. Which of the following accounts is considered a temporary or nominal account? a. Fees Earned Revenue b. Prepaid Advertising c. Unearned Service Revenue...
Question 25 Which of the following is not a revenue account? A. Sales B. Insurance expense...
Question 25 Which of the following is not a revenue account? A. Sales B. Insurance expense C. Interest revenue D. Gain on sale
Identify all the accounts below that are ALL classified as temporary account TICIP Jove LAILU UT...
Identify all the accounts below that are ALL classified as
temporary account
TICIP Jove LAILU UT MC Qu. 6-56 Identify the accounts below that... Identify the accounts below that are ALL classified as temporary accounts. Multiple Choice C) Wages Expense, Accumulated Depreciation, Fees Income O Accounts Receivable, Depreciation Expense, Fees Income O Owner's Drawing, Depreciation Expense, Income Summary O Owner's Drawing, Owner's Capital, Income Summary
What is the drawing, fees earned, wages expense, rent expense, & utilities expense? 32 | Balance...
What is the drawing,
fees earned, wages expense, rent expense, & utilities
expense?
32 | Balance Kris Storey, Drawing Date Item 2019 June Post Ref. Dr. Cr. Dr. Cr. Fees Earned 41 Post _ Dr. Balance 4 Cr. Item Ref. Cr. Dr. Date 2019 June Wages Expense Enter as a formula calling on amounts in the trial balance. Dr. 51 Balance Dr. Cr. Item cr. Date 2019 June Rent Expense 53 Post Balance Item Ref. Dr. Cr. Dr. Balance Cr....
7. Choose the correct statement with regard to temporary differences (P). a. income tax expense r...
7. Choose the correct statement with regard to temporary differences (P). a. income tax expense reflects the GAAP treatment for T b. income tax expense reflects the income tax code treatment for T c. income tax expense reflects the GAAP treatment for P d. pretax accounting income usually equals taxable income when there are both current year P and T e corect statement with regard to temporary differences () and permanent (nontemporary) 8. The current year is 20x5 and is...
and drawing accounts are t 22. After the temporary owner's equity equity account, which of the...
and drawing accounts are t 22. After the temporary owner's equity equity account, which of the following accounts will have a balance? Ourers Cu pal 21 Closing entries are made in the 23 Clesing entries are made in the Geueral Sowna Cencal -Sov 24. In view of past experience, it is expected there will be a loss due to uncollectible accounts of an amount equal to one-half of one percent of the sales on account during the year. if the...
Which of the following is a contra account? O A. Unearned Revenue O B. Depreciation Expense...
Which of the following is a contra account? O A. Unearned Revenue O B. Depreciation Expense C. Accumulated Depreciation O D. Book Value
11 and 12
11. Which of the following is not a temporary account? A. Retained earnings. B. Service revenue. C. Dividends. D. Salaries expense 12. Double-entry accounting is an accounting system: A. In which the impact of each transaction is checked twice to ensure there are no errors. B. That records the effects of transactions on at least two financial statements C. That records the effects of transactions and other events in at least two accounts with equal debits and...
Identify all the accounts below that are ALL classified as
temporary account
TICIP Jove LAILU UT MC Qu. 6-56 Identify the accounts below that... Identify the accounts below that are ALL classified as temporary accounts. Multiple Choice C) Wages Expense, Accumulated Depreciation, Fees Income O Accounts Receivable, Depreciation Expense, Fees Income O Owner's Drawing, Depreciation Expense, Income Summary O Owner's Drawing, Owner's Capital, Income Summary
What is the drawing,
fees earned, wages expense, rent expense, & utilities
expense?
32 | Balance Kris Storey, Drawing Date Item 2019 June Post Ref. Dr. Cr. Dr. Cr. Fees Earned 41 Post _ Dr. Balance 4 Cr. Item Ref. Cr. Dr. Date 2019 June Wages Expense Enter as a formula calling on amounts in the trial balance. Dr. 51 Balance Dr. Cr. Item cr. Date 2019 June Rent Expense 53 Post Balance Item Ref. Dr. Cr. Dr. Balance Cr....
7. Choose the correct statement with regard to temporary differences (P). a. income tax expense reflects the GAAP treatment for T b. income tax expense reflects the income tax code treatment for T c. income tax expense reflects the GAAP treatment for P d. pretax accounting income usually equals taxable income when there are both current year P and T e corect statement with regard to temporary differences () and permanent (nontemporary) 8. The current year is 20x5 and is...
and drawing accounts are t 22. After the temporary owner's equity equity account, which of the following accounts will have a balance? Ourers Cu pal 21 Closing entries are made in the 23 Clesing entries are made in the Geueral Sowna Cencal -Sov 24. In view of past experience, it is expected there will be a loss due to uncollectible accounts of an amount equal to one-half of one percent of the sales on account during the year. if the...
Which of the following is a contra account? O A. Unearned Revenue O B. Depreciation Expense C. Accumulated Depreciation O D. Book Value
Most questions answered within 3 hours.
-
Which statement is not correct?
Mutations change the sequence of nucleotides in DNA.
Mutations can be...
asked 2 hours ago -
An organization is not required to accommodate an employee's
disability when the accommodation would cause "undue...
asked 2 hours ago -
Mojo Mining has a bond outstanding that sells for $2,165 and
matures in 17 years. The...
asked 2 hours ago -
Olympic weightlifter Zoe Smith holds a 58 kg barbell over her
head, 2.1 meters above the...
asked 2 hours ago -
For sample average = 28 and a μ = 17 and a s = 4 and...
asked 2 hours ago -
A
short forward contract that was negotiated some time ago will
expire in three months and...
asked 2 hours ago -
If R = R1L2/L3, what is the measurement error dR based on the
rules of error...
asked 2 hours ago -
At equilibrium, the concentrations of N2(g),
O2 (g) and NO (g) in a sealed reaction vessel...
asked 2 hours ago -
Find P(X-bar > 15.5)
n=81, Mean=15, SD=1
asked 3 hours ago -
3. What percentage of search engine users don’t go to the next
page of search results?...
asked 2 hours ago -
Since Tanya Martin retired, she has used income from her
investment in the Alger Mid Cap...
asked 3 hours ago -
Determine the point estimate of the population proportion, the
margin of error for the following confidence...
asked 3 hours ago