Accounting Ch. 8

All assets

• Temporary Account

• Permanent Account

All liabilities

• temporary accounts

• permanent accounts

Owners capital account

• temporary accounts

• permanent accounts

Owners drawing account

• temporary accounts

• permanent accounts

All expense accounts

• temporary accounts

• permanent accounts

All revenue accounts

• temporary accounts

• permanent accounts

Income summary

• temporary accounts

• permanent accounts

Hilldale Grocery, A/P

• temporary accounts

• permanent accounts

Supplies

• temporary accounts

• permanent accounts

Utilities Expense

• temporary accounts

• permanent accounts