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Accounting Review. Are the following accounts permanent or temporary? Directions: Insert a slide after each of the slides containing account names. On.

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Presentation on theme: "Accounting Review. Are the following accounts permanent or temporary? Directions: Insert a slide after each of the slides containing account names. On."— Presentation transcript:

1 Accounting Review

2 Are the following accounts 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.

3 Accounts Payable

4 Permanent

5 John Jones, Capital

6 Sales

7 Accounts Receivable

8 Income Summary

9 Prepaid Insurance

10 Purchases

11 Cash

12 Advertising Expense

13 John Jones, Drawing

14 What is the normal balance 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.

15 Cash

16 Debit

17 Sales

18 Supplies

19 Accounts Payable

20 Merchandise Inventory

21 Sales Tax Payable

22 Capital

23 Advertising Expense

24 Sales Tax Payable

25 Purchases

26 Drawing

27 Purchases Returns and Allowances

28 What is the classification 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.

29 Supplies

30 Asset

31 Sales Tax Payable

32 Accounts Receivable

33 Cash

34 Purchases

35 Income Summary

36 Federal Income Tax Payable

37 Miscellaneous Expense

38 Prepaid Insurance

39 Merchandise Inventory

40 Sales

41 Purchases Returns and Allowances

42 When your slide show is complete: Go to File menu Go to File menu Click Send to Microsoft Office Word Click Send to Microsoft Office Word Click Outline Only Click Outline Only In Word, clean up your outline, if needed In Word, clean up your outline, if needed Put your name in a header Put your name in a header Print from Word Print from Word You do not need to save this document You do not need to save this document SAVE YOUR POWERPOINT SAVE YOUR POWERPOINT


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