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income summary  - a temporary account that summarizes the net income(loss) for the period , patents - long-term assets , temporary accounts - relate to a particular accounting period and are closed at the end of that period, closing entries - transfer revenues, expenses, and dividends to retained earnings, note payable - long-term liability, permanent accounts - not closed at the end of the period , accounting cycle - the process by which companies produce their financial statements for a specific period , office supplies - current asset, ten steps - the amount of steps within the accounting cycle , unearned liability - current liability,

Acct 4A_Warm-Up_2.22.23

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