Solution-Indicate if the account is a permanent p or

Indicate if the account is a permanent p or temporary t

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Reference no: EM13574644

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

	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	_________	_________

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.).

Reference no: EM13574644

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Indicate if the account is a permanent p or temporary t

Reference no: EM13574644

Reference no: EM13574644

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