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www.maRI.coMStudent/PlayerHomework.aspx?homeworkld-4827735868iquestionld Principles of Financial Accounting: ACCT 23 (1) Homework: HW4 Score: 0 of 25 pts S4-9 (book/static) For each account listed, identify whether the account is a temporary account (T) or a permanent account (P) Account a Rent Expense b Prepaid Rent c Equipment d Common Stock P or T

Solution

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Accounts that are closed at the end of each accounting year are temporary account. Hence:

Rent is Temporary Account.

All other are permanent Account.