For each of the following, identify in Column 1 the category to which the account belongs, in Column 2 the normal balance for the account, in Column 3 the financial statement on which the account balance is reported, and in Column 4 the account's nature (permanent/temporary).
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Correct Answer:
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Q83: The entry to record the adjustment for
Q86: The adjusting entry to record rental income
Q88: For each of the following, identify
Q89: Beginning inventory is adjusted by debiting Income
Q90: When closing the expense account,which of the
Q92: After the closing process, the permanent accounts
Q93: The entry to close the Freight-In account
Q95: Which of the following accounts will appear
Q100: Adjusting journal entries still need to be
Q100: The post-closing trial balance contains:
A) assets and
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