The following are selected accounts of Laura Gibson Company on December 31: Required In the space provided:

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The following are selected accounts of Laura Gibson Company on December 31:

Required
In the space provided:
1. Indicate if the account is a permanent (P) or temporary (T) account.
2. Indicate the normal balance in terms of debit (Dr.) or credit(Cr.).

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Financial Reporting and Analysis Using Financial Accounting Information

ISBN: 978-1439080603

12th Edition

Authors: Charles H Gibson

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Question Posted: Jun 22, 2012 08:54 AM

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The following are selected accounts of Laura Gibson Company on December 31: Required In the space provided:

Question:

Permanent (P) or Temporary (T) Normal Balance (Dr.) or (Cr.) Cash Accounts Receivable Equipment Accounts Payable Common Stock Sales Purchases Rent Expense Utility Expense Selling Expense

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Permanent P or Temporary T Normal Balance Dr ...View the full answer

Financial Reporting and Analysis Using Financial Accounting Information

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