Are the following accounts permanent or temporary accounts? a. Fees Income b. Johnny Jones, Drawing c. Accounts
Question:
a. Fees Income
b. Johnny Jones, Drawing
c. Accounts Payable
d. Accounts Receivable
e. Johnny Jones, Capital
f. Prepaid Rent
g. Cash
h. Advertising Expense
i. Utilities Expense
j. Equipment
k. Salaries Expense
l. Prepaid Insurance
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (11 reviews)
TEMPORARY a Fees Income b Johnny Jones Drawing ...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
3rd edition
Authors: David Haddock, John Price, Michael Farina
Question Posted:
Students also viewed these Accounting questions
-
The following list includes selected permanent accounts and all of the temporary accounts from the December 31, 2011, unadjusted trial balance of Deacon Co., a business owned by Julie Deacon. Use...
-
The following list includes selected permanent accounts and all of the temporary accounts from the December 31, 2011, unadjusted trial balance of Yamiko Co., a business owned by Kumi Yamiko. Use...
-
The following list includes selected permanent accounts and all of the temporary accounts from the December 31, 2016, unadjusted trial balance of Emiko Co., a business owned by Kumi Emiko. Use these...
-
12. Bill thinks that welfare is needed in some cases. However, his friends in the Young Republicans taunt him every time he makes his views known. As a result, he accepts their views in order to...
-
Knowledge of how cockroaches forage for food is valuable for companies that develop and manufacture roach bait and traps. Many entomologists believe, however, that the navigational behavior of...
-
Prove that if \(X, Y\) are two semi-martingales such that their stochastic logarithms are well defined, then \[\mathcal{L}(X Y)=\mathcal{L}(X)+\mathcal{L}(Y)+[\mathcal{L}(X), \mathcal{L}(Y)]\]
-
(a) A feather and a brick are falling freely in an evacuated tube. Is the magnitude of the gravitational force exerted by Earth on the feather larger than, smaller than, or equal to that exerted by...
-
1. Review the fact statements in Chapter 1, and perform Internet research to find out as much as you can about fitness center operations. Using this background, conduct a SWOT analysis with at least...
-
What industry is Airbnb in? Is Airbnb in a risky industry? Why/when Airbnb begin its operations? Has Airbnb announced an IPO, or possibly a SPAC deal, since it received its initial funding? If now...
-
The Graphic Palette is a firm in Charleston, South Carolina, that does graphic artwork and produces color and black-and-white posters, lithographs, and banners. The firm's owners, Kathleen and...
-
1. After examining financial data for a monthly period, the owner of a small business expressed surprise that the firms cash balance had decreased during the month even though there was substantial...
-
Wilson Cleaning Service has the following account balances on December 31, 2016. Set up a T account for each account and enter the balance on the proper side of the account. Cash...
-
Consider a household refrigerator that has just been filled up with room-temperature food. Define a control volume (mass) and examine its boundaries for rates of work and heat transfer, including...
-
How is a strong organizational culture related to the financial performance of an organization? A. performance may be enhanced or reduced B. performance is reduced C. there is little impact on...
-
What are sources of cost advantage and how does it affect a company's strategy? explain
-
A small mass is attached to a 0.799 m long string. It is pulled through a small angle and released from rest. How long does it take (after it is released) to reach its highest speed? Give your answer...
-
A mass is oscillating on a spring on a smooth, horizontal surface. The maximum speed of the mass is 1.65 m/s and the maximum magnitude of acceleration is 6.35 m/s. How long (in seconds) does it take...
-
1. What does it mean if an object is in free fall? 2. Using the diagram below answer the questions in the box. a) What happens to the velocity of the ball as it moves upward? b) What is the...
-
What are the most common types of external faults?
-
A number of years ago the United Food and Commercial Workers Union organized 800 workers of the 1035 employees at one of the Wilson Brothers food operations in Toronto, Ontario. The employees include...
-
Record the spot exchange rate from the Bloomberg site and the futures exchange rate from the CME Web site for the date closest to the maturity of the investment you chose in the previous question.
-
On December 31, after adjustments, The Jackson Family Farms ledger contains the following account balances. 101 Cash .................$85,500 Dr. 111 Accounts Receivable .......... 21,600 Dr. 121...
-
A partially completed worksheet for Christopher Cobb, CPA, for the month ending June 30, 2016, is shown below. INSTRUCTIONS 1. Record the balances as of June 30 in the ledger accounts. 2. Prepare the...
-
The Trial Balance section of the worksheet for 21st Century Fashions for the period ended December 31, 2016, appears on the next page. Adjustments data are also given. ADJUSTMENTS a. Supplies used,...
-
Please discuss echo of this topic with hundred words at list pleas. Its UNIX and Linux operating systems Discuss on (Unix File System and Directory Navigation) Discuss on (Importance of the shell...
-
How do Windows and Unix systems save settings?
-
Two charges, QA=-6.10 C and QB-4.15 C are placed a distance d=1.50 cm from each other. What is the electric potential energy of this system of charges? Provide your answer in joules with 2 decimal...
Study smarter with the SolutionInn App