For each of the following accounts, tell whether it is a permanent account or a temporary account:
Question:
For each of the following accounts, tell whether it is a permanent account or a temporary account:
1. Cash
2. Accounts payable
3. Common stock
4. Sales revenue
5. Prepaid rent
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1 Permanent ...View the full answer
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Related Book For 
Financial Accounting: A Business Process Approach
ISBN: 978-0136115274
3rd edition
Authors: Jane L. Reimers
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