Identify Which of the Following Are Temporary Accounts of Sabrina

question 4

Short Answer

Identify which of the following are temporary accounts of Sabrina Company.
(1) Retained Earnings
(2) Dividends
(3) Equipment
(4) Accumulated Depreciation
(5) Depreciation Expense

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Definitions:

Silica Sand

High-purity sand that is made predominantly of quartz silt and is used in various industries such as glass making and hydraulic fracturing.

Glass Manufacturing

The process of producing glass products, which involves melting silica sand and other raw materials to form glass, which is then shaped into desired forms.

Raw Material

The basic material from which a product is made, often used in the context of manufacturing.

Physical Infrastructure

The physical and structural components that support an economy or organization, including roads, bridges, tunnels, water supply, sewers, electrical grids, and telecommunications.