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
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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