A number of accounts are listed below. Use the table to classify each account by indicating whether it is a temporary or permanent account, whether it is included in the Income Statement or Balance sheet, and if it is closed at the end of the accounting period, and, if so, whether it is closed with a debit or credit. The first one is done as an example. 
Definitions:
Conditional Sale Contract
An agreement to sell an asset where the full payment is due after certain conditions have been met.
Simple Interest
Interest calculated on the principal amount of a loan or deposit, without compounding over time.
Finance Company
A business that provides loans to individuals and commercial customers that may not be able to secure financing through traditional banking channels.
Canada Student Loans
Canada Student Loans are government-funded financial aids that assist Canadian students in paying for their post-secondary education.
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