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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 whether
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 whether each account will appear in the Income Statement columns or the Balance Sheet columns of the work sheet. Item is given as an example. tableACCOUNTCLASSIFICATION,tableNORMALBALANCEtableINCOME STATEMENTORBALANCE SHEET COLUMNS Example: Wages Expense,Expense,Debit,Income Statementa Prepaid Insurance,yb Accounts Payable,c Office Supplies Expense,,
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 whether each account will appear in the Income Statement columns or the Balance Sheet columns of the work sheet. Item is given as an example.
tableACCOUNTCLASSIFICATION,tableNORMALBALANCEtableINCOME STATEMENTORBALANCE SHEET COLUMNS Example: Wages Expense,Expense,Debit,Income Statementa Prepaid Insurance,yb Accounts Payable,c Office Supplies Expense,,
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