eBook Video Print Item Classify each of the accounts listed below as assets, liabilities, owner's equity, revenue, or expenses. Indicate the normal debit or credit balance of each account. Indicate whether each account will appear in the Income Statement columns or the Balance Sheet columns of the work sheet. Item 0 is given as an example. ACCOUNT 0. Example: Wages Expense a. Prepaid Insurance b. Accounts Payable c. Office Supplies Expense d. T. Bristol, Capital e. Accumulated Depreciation, Building f. T. Bristol, Drawing g. Income from Services h. Equipment Depreciation Expense, Equipment j. Wages Payable INCOM NORMAL CLASSIFICATION BALANCE BALANCE Expense Debit Incon Next > Save and Exit Submit Assignment for Grading Pencil

College Accounting (Book Only): A Career Approach
12th Edition
ISBN:9781305084087
Author:Cathy J. Scott
Publisher:Cathy J. Scott
Chapter4: Adjusting Entries And The Work Sheet
Section: Chapter Questions
Problem 2E: Classify each of the accounts listed below as assets (A), liabilities (L), owners equity (OE),...
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eBook
Video
Print Item
Classify each of the accounts listed below as assets, liabilities, owner's equity, revenue, or expenses. Indicate the normal debit
or credit balance of each account. Indicate whether each account will appear in the Income Statement columns or the Balance
Sheet columns of the work sheet. Item 0 is given as an example.
ACCOUNT
0. Example: Wages Expense
a. Prepaid Insurance
b. Accounts Payable
c. Office Supplies Expense
d. T. Bristol, Capital
e. Accumulated Depreciation, Building
f. T. Bristol, Drawing
g. Income from Services
h. Equipment
Depreciation Expense, Equipment
j. Wages Payable
INCOM
NORMAL
CLASSIFICATION
BALANCE
BALANCE
Expense
Debit
Incon
Next
>
Save and Exit
Submit Assignment for Grading
Pencil
Transcribed Image Text:eBook Video Print Item Classify each of the accounts listed below as assets, liabilities, owner's equity, revenue, or expenses. Indicate the normal debit or credit balance of each account. Indicate whether each account will appear in the Income Statement columns or the Balance Sheet columns of the work sheet. Item 0 is given as an example. ACCOUNT 0. Example: Wages Expense a. Prepaid Insurance b. Accounts Payable c. Office Supplies Expense d. T. Bristol, Capital e. Accumulated Depreciation, Building f. T. Bristol, Drawing g. Income from Services h. Equipment Depreciation Expense, Equipment j. Wages Payable INCOM NORMAL CLASSIFICATION BALANCE BALANCE Expense Debit Incon Next > Save and Exit Submit Assignment for Grading Pencil
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