Accounting Review. Are the following accounts permanent or temporary? Directions: Insert a slide...
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Transcript of Accounting Review. Are the following accounts permanent or temporary? Directions: Insert a slide...
![Page 1: Accounting Review. Are the following accounts permanent or temporary? Directions: Insert a slide after each of the slides containing account names. On.](https://reader035.fdocuments.us/reader035/viewer/2022070413/5697bfbc1a28abf838ca1655/html5/thumbnails/1.jpg)
Accounting ReviewAccounting Review
![Page 2: Accounting Review. Are the following accounts permanent or temporary? Directions: Insert a slide after each of the slides containing account names. On.](https://reader035.fdocuments.us/reader035/viewer/2022070413/5697bfbc1a28abf838ca1655/html5/thumbnails/2.jpg)
Are the following accounts Are the following accounts permanent or temporary?permanent or temporary?
Directions: Insert a slide after each of the slides containing account names. On that slide type “permanent” or “temporary” as it pertains to the account listed on the slide before it. The first one is done for you.
![Page 3: Accounting Review. Are the following accounts permanent or temporary? Directions: Insert a slide after each of the slides containing account names. On.](https://reader035.fdocuments.us/reader035/viewer/2022070413/5697bfbc1a28abf838ca1655/html5/thumbnails/3.jpg)
Accounts PayableAccounts Payable
![Page 4: Accounting Review. Are the following accounts permanent or temporary? Directions: Insert a slide after each of the slides containing account names. On.](https://reader035.fdocuments.us/reader035/viewer/2022070413/5697bfbc1a28abf838ca1655/html5/thumbnails/4.jpg)
PermanentPermanent
![Page 5: Accounting Review. Are the following accounts permanent or temporary? Directions: Insert a slide after each of the slides containing account names. On.](https://reader035.fdocuments.us/reader035/viewer/2022070413/5697bfbc1a28abf838ca1655/html5/thumbnails/5.jpg)
John Jones, CapitalJohn Jones, Capital
![Page 6: Accounting Review. Are the following accounts permanent or temporary? Directions: Insert a slide after each of the slides containing account names. On.](https://reader035.fdocuments.us/reader035/viewer/2022070413/5697bfbc1a28abf838ca1655/html5/thumbnails/6.jpg)
SalesSales
![Page 7: Accounting Review. Are the following accounts permanent or temporary? Directions: Insert a slide after each of the slides containing account names. On.](https://reader035.fdocuments.us/reader035/viewer/2022070413/5697bfbc1a28abf838ca1655/html5/thumbnails/7.jpg)
Accounts ReceivableAccounts Receivable
![Page 8: Accounting Review. Are the following accounts permanent or temporary? Directions: Insert a slide after each of the slides containing account names. On.](https://reader035.fdocuments.us/reader035/viewer/2022070413/5697bfbc1a28abf838ca1655/html5/thumbnails/8.jpg)
Income SummaryIncome Summary
![Page 9: Accounting Review. Are the following accounts permanent or temporary? Directions: Insert a slide after each of the slides containing account names. On.](https://reader035.fdocuments.us/reader035/viewer/2022070413/5697bfbc1a28abf838ca1655/html5/thumbnails/9.jpg)
Prepaid InsurancePrepaid Insurance
![Page 10: Accounting Review. Are the following accounts permanent or temporary? Directions: Insert a slide after each of the slides containing account names. On.](https://reader035.fdocuments.us/reader035/viewer/2022070413/5697bfbc1a28abf838ca1655/html5/thumbnails/10.jpg)
PurchasesPurchases
![Page 11: Accounting Review. Are the following accounts permanent or temporary? Directions: Insert a slide after each of the slides containing account names. On.](https://reader035.fdocuments.us/reader035/viewer/2022070413/5697bfbc1a28abf838ca1655/html5/thumbnails/11.jpg)
CashCash
![Page 12: Accounting Review. Are the following accounts permanent or temporary? Directions: Insert a slide after each of the slides containing account names. On.](https://reader035.fdocuments.us/reader035/viewer/2022070413/5697bfbc1a28abf838ca1655/html5/thumbnails/12.jpg)
Advertising ExpenseAdvertising Expense
![Page 13: Accounting Review. Are the following accounts permanent or temporary? Directions: Insert a slide after each of the slides containing account names. On.](https://reader035.fdocuments.us/reader035/viewer/2022070413/5697bfbc1a28abf838ca1655/html5/thumbnails/13.jpg)
John Jones, DrawingJohn Jones, Drawing
![Page 14: Accounting Review. Are the following accounts permanent or temporary? Directions: Insert a slide after each of the slides containing account names. On.](https://reader035.fdocuments.us/reader035/viewer/2022070413/5697bfbc1a28abf838ca1655/html5/thumbnails/14.jpg)
What is the normal balance What is the normal balance of the following accounts?of the following accounts?
Directions: Insert a slide after each of the slides containing account names. On that slide type “debit” or “credit” as it pertains to the account listed on the slide before it. The first one is done for you.
![Page 15: Accounting Review. Are the following accounts permanent or temporary? Directions: Insert a slide after each of the slides containing account names. On.](https://reader035.fdocuments.us/reader035/viewer/2022070413/5697bfbc1a28abf838ca1655/html5/thumbnails/15.jpg)
CashCash
![Page 16: Accounting Review. Are the following accounts permanent or temporary? Directions: Insert a slide after each of the slides containing account names. On.](https://reader035.fdocuments.us/reader035/viewer/2022070413/5697bfbc1a28abf838ca1655/html5/thumbnails/16.jpg)
DebitDebit
![Page 17: Accounting Review. Are the following accounts permanent or temporary? Directions: Insert a slide after each of the slides containing account names. On.](https://reader035.fdocuments.us/reader035/viewer/2022070413/5697bfbc1a28abf838ca1655/html5/thumbnails/17.jpg)
SalesSales
![Page 18: Accounting Review. Are the following accounts permanent or temporary? Directions: Insert a slide after each of the slides containing account names. On.](https://reader035.fdocuments.us/reader035/viewer/2022070413/5697bfbc1a28abf838ca1655/html5/thumbnails/18.jpg)
SuppliesSupplies
![Page 19: Accounting Review. Are the following accounts permanent or temporary? Directions: Insert a slide after each of the slides containing account names. On.](https://reader035.fdocuments.us/reader035/viewer/2022070413/5697bfbc1a28abf838ca1655/html5/thumbnails/19.jpg)
Accounts PayableAccounts Payable
![Page 20: Accounting Review. Are the following accounts permanent or temporary? Directions: Insert a slide after each of the slides containing account names. On.](https://reader035.fdocuments.us/reader035/viewer/2022070413/5697bfbc1a28abf838ca1655/html5/thumbnails/20.jpg)
Merchandise InventoryMerchandise Inventory
![Page 21: Accounting Review. Are the following accounts permanent or temporary? Directions: Insert a slide after each of the slides containing account names. On.](https://reader035.fdocuments.us/reader035/viewer/2022070413/5697bfbc1a28abf838ca1655/html5/thumbnails/21.jpg)
Sales Tax PayableSales Tax Payable
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CapitalCapital
![Page 23: Accounting Review. Are the following accounts permanent or temporary? Directions: Insert a slide after each of the slides containing account names. On.](https://reader035.fdocuments.us/reader035/viewer/2022070413/5697bfbc1a28abf838ca1655/html5/thumbnails/23.jpg)
Advertising ExpenseAdvertising Expense
![Page 24: Accounting Review. Are the following accounts permanent or temporary? Directions: Insert a slide after each of the slides containing account names. On.](https://reader035.fdocuments.us/reader035/viewer/2022070413/5697bfbc1a28abf838ca1655/html5/thumbnails/24.jpg)
Sales Tax PayableSales Tax Payable
![Page 25: Accounting Review. Are the following accounts permanent or temporary? Directions: Insert a slide after each of the slides containing account names. On.](https://reader035.fdocuments.us/reader035/viewer/2022070413/5697bfbc1a28abf838ca1655/html5/thumbnails/25.jpg)
PurchasesPurchases
![Page 26: Accounting Review. Are the following accounts permanent or temporary? Directions: Insert a slide after each of the slides containing account names. On.](https://reader035.fdocuments.us/reader035/viewer/2022070413/5697bfbc1a28abf838ca1655/html5/thumbnails/26.jpg)
DrawingDrawing
![Page 27: Accounting Review. Are the following accounts permanent or temporary? Directions: Insert a slide after each of the slides containing account names. On.](https://reader035.fdocuments.us/reader035/viewer/2022070413/5697bfbc1a28abf838ca1655/html5/thumbnails/27.jpg)
Purchases Returns and AllowancesPurchases Returns and Allowances
![Page 28: Accounting Review. Are the following accounts permanent or temporary? Directions: Insert a slide after each of the slides containing account names. On.](https://reader035.fdocuments.us/reader035/viewer/2022070413/5697bfbc1a28abf838ca1655/html5/thumbnails/28.jpg)
What is the classification What is the classification of the following accounts?of the following accounts?
Directions: Insert a slide after each of the slides containing account names. On that slide type “asset, liability, owner’s equity, revenue, cost of merchandise sold, or expense” as it pertains to the account listed on the slide before it. The first one is done for you.
![Page 29: Accounting Review. Are the following accounts permanent or temporary? Directions: Insert a slide after each of the slides containing account names. On.](https://reader035.fdocuments.us/reader035/viewer/2022070413/5697bfbc1a28abf838ca1655/html5/thumbnails/29.jpg)
SuppliesSupplies
![Page 30: Accounting Review. Are the following accounts permanent or temporary? Directions: Insert a slide after each of the slides containing account names. On.](https://reader035.fdocuments.us/reader035/viewer/2022070413/5697bfbc1a28abf838ca1655/html5/thumbnails/30.jpg)
AssetAsset
![Page 31: Accounting Review. Are the following accounts permanent or temporary? Directions: Insert a slide after each of the slides containing account names. On.](https://reader035.fdocuments.us/reader035/viewer/2022070413/5697bfbc1a28abf838ca1655/html5/thumbnails/31.jpg)
Sales Tax PayableSales Tax Payable
![Page 32: Accounting Review. Are the following accounts permanent or temporary? Directions: Insert a slide after each of the slides containing account names. On.](https://reader035.fdocuments.us/reader035/viewer/2022070413/5697bfbc1a28abf838ca1655/html5/thumbnails/32.jpg)
Accounts ReceivableAccounts Receivable
![Page 33: Accounting Review. Are the following accounts permanent or temporary? Directions: Insert a slide after each of the slides containing account names. On.](https://reader035.fdocuments.us/reader035/viewer/2022070413/5697bfbc1a28abf838ca1655/html5/thumbnails/33.jpg)
CashCash
![Page 34: Accounting Review. Are the following accounts permanent or temporary? Directions: Insert a slide after each of the slides containing account names. On.](https://reader035.fdocuments.us/reader035/viewer/2022070413/5697bfbc1a28abf838ca1655/html5/thumbnails/34.jpg)
PurchasesPurchases
![Page 35: Accounting Review. Are the following accounts permanent or temporary? Directions: Insert a slide after each of the slides containing account names. On.](https://reader035.fdocuments.us/reader035/viewer/2022070413/5697bfbc1a28abf838ca1655/html5/thumbnails/35.jpg)
Income SummaryIncome Summary
![Page 36: Accounting Review. Are the following accounts permanent or temporary? Directions: Insert a slide after each of the slides containing account names. On.](https://reader035.fdocuments.us/reader035/viewer/2022070413/5697bfbc1a28abf838ca1655/html5/thumbnails/36.jpg)
Federal Income Tax PayableFederal Income Tax Payable
![Page 37: Accounting Review. Are the following accounts permanent or temporary? Directions: Insert a slide after each of the slides containing account names. On.](https://reader035.fdocuments.us/reader035/viewer/2022070413/5697bfbc1a28abf838ca1655/html5/thumbnails/37.jpg)
Miscellaneous ExpenseMiscellaneous Expense
![Page 38: Accounting Review. Are the following accounts permanent or temporary? Directions: Insert a slide after each of the slides containing account names. On.](https://reader035.fdocuments.us/reader035/viewer/2022070413/5697bfbc1a28abf838ca1655/html5/thumbnails/38.jpg)
Prepaid InsurancePrepaid Insurance
![Page 39: Accounting Review. Are the following accounts permanent or temporary? Directions: Insert a slide after each of the slides containing account names. On.](https://reader035.fdocuments.us/reader035/viewer/2022070413/5697bfbc1a28abf838ca1655/html5/thumbnails/39.jpg)
Merchandise InventoryMerchandise Inventory
![Page 40: Accounting Review. Are the following accounts permanent or temporary? Directions: Insert a slide after each of the slides containing account names. On.](https://reader035.fdocuments.us/reader035/viewer/2022070413/5697bfbc1a28abf838ca1655/html5/thumbnails/40.jpg)
SalesSales
![Page 41: Accounting Review. Are the following accounts permanent or temporary? Directions: Insert a slide after each of the slides containing account names. On.](https://reader035.fdocuments.us/reader035/viewer/2022070413/5697bfbc1a28abf838ca1655/html5/thumbnails/41.jpg)
Purchases Returns and AllowancesPurchases Returns and Allowances
![Page 42: Accounting Review. Are the following accounts permanent or temporary? Directions: Insert a slide after each of the slides containing account names. On.](https://reader035.fdocuments.us/reader035/viewer/2022070413/5697bfbc1a28abf838ca1655/html5/thumbnails/42.jpg)
When your slide show is complete:When your slide show is complete:
Go to File menuGo to File menu Click Send to Microsoft Office WordClick Send to Microsoft Office Word Click Outline OnlyClick Outline Only In Word, clean up your outline, if neededIn Word, clean up your outline, if needed Put your name in a headerPut your name in a header Print from WordPrint from Word You do not need to save this documentYou do not need to save this document SAVE YOUR POWERPOINTSAVE YOUR POWERPOINT