1) What type of account is Cash? a) permanent b) temporary c) asset d) liability e) owner's equity f) revenue 2) What type of account is Petty Cash? a) permanent b) temporary c) asset d) liability e) owner's equity f) revenue 3) What type of account is Accounts Receivable-B. Widell a) permanent b) temporary c) asset d) liability e) owner's equity f) revenue 4) What type of account is Prepaid Insurance? a) permanent b) temporary c) asset d) liability e) owner's equity f) revenue 5) What type of account is Connor Whitney, Capital? a) permanent b) temporary c) asset d) liability e) owner's equity f) revenue 6) What type of account is Connor Whitney, Drawing? a) permanent b) temporary c) asset d) liability e) owner's equity f) revenue 7) What type of account is Income Summary? a) permanent b) temporary c) asset d) liability e) owner's equity f) revenue 8) What type of account is Sales? a) permanent b) temporary c) asset d) liability e) owner's equity f) revenue 9) What type of account is Advertising Expense? a) permanent b) temporary c) asset d) liability e) owner's equity f) expense 10) What type of account is Cash Short and Over? a) permanent b) temporary c) asset d) liability e) owner's equity f) expense 11) What is the normal balance side of cash? a) debit b) credit 12) What is the normal balance side of petty cash? a) debit b) credit 13) What is the normal balance side of supplies? a) debit b) credit 14) What is the normal balance side of the owner's capital account? a) debit b) credit 15) What is the normal balance side of the owner's drawing account? a) debit b) credit 16) What is the normal balance side of the revenue account? a) debit b) credit 17) What is the normal balance side of the expense accounts? a) debit b) credit

Chapter 8

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