Question
Classify each of the following accounts as Income Statement or Balance Sheet by placing a check in the appropriate space. Indicate the normal balance (debit
Classify each of the following accounts as Income Statement or Balance Sheet by placing a check in the appropriate space. Indicate the normal balance (debit or credit) for each account and if its a Temporary or Permanent Account. If Balance Sheet account, choose Classified Balance Sheet category below:
| Current Asset (CA) | Intangible Assets (IA) | Current Liabilities (CL) |
| Investments (I) | Stockholders Equity (SE) | Long-Term Liabilities (LL) |
| Property, Plant & Equipment (PP&E) |
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| Accounts | Income statement | Balance sheet | Balance sheet category | Normal balance: Debit or Credit | Temporary (T) or Permanent (P) Account |
| Notes Payable (Due in 6 Months) |
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| Prepaid Rent |
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| Service Revenue |
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| Accumulated Depreciation - Equipment |
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| Unearned Revenue |
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| Office Supplies Expense |
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| Land |
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| Retained Earnings |
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