Problem 1 (25 marks) Fill in the blank in the tables Account Name Account type Normal balance? (Debit or Credit ?) Temporary account or permanent account? Permanent Does it get closed? Which financial statement is it reported? Cash Debit No Balance Sheet Current Asset Accounts payable Allowance for Uncollectible Accounts Sales revenue Accumulated depreciation Purchases returns & allowances Owner's capital Land Bonds payable Sales discount Prepaid insurance Notes payable (1 year) Mortgages payable Unearned revenue Sales returns and allowances Prepaid rent Trademarks