DIRECTIONS Using the Trial Balance Shown Below for JW Jlegal LLC, Practice Problems 1, answer the questions. The first question has been answered for you. JW Legal LLC Trial Balance 1.31.2020 DR CR Cash 9,450.00 Accounts Receivable 3,000.00 Equipment 2,500.00 Accounts Payable 1,700.00 JW Legal LLC, Capital 10,000.00 Withdrawals 500.00 Legal Services Revenue 4,000.00 Utilities Expense 250.00 TOTALS 15,700.00 15,700.00 Questions ANSWERS 1. What kind of account is Cash? Cash is an Asset What is the normal balance in Cash? The normal balance in Cash is a debit balance On what finacial statement does Cash appear? Cash is shown on the Balance Sheet 2. What kind of account is Accounts Receivable? What is the normal balance in Accounts Receivable? On what financial statement does Accounts Receivable appear? 3. What kind of account is Equipment? What is a normal balance in Equipment? On what finacial stamenet does Equipment appear? 4. What kind is account is Accounts Payable? What is the normal balance in Accounts Payable? On what financial statement does Accounts Payable appear? 5. What kind of account is Capital? What is the normal balance in a Capital account? On what finacial statement(s) doe Capital appear? 6. What kind of account is Withdrawals? What is a normal balance in a Withdrawals account? On what financial statement does Withdrawals appear? 7. Whar kind of account is Legal Fees Revenue? What is the normal balance in Legal Fees Revenue? On what finacial statement does Legal Fees Revenue appear? 8. What kind of account is Utilities Expense? What is a normal balance in Utilities Expense? On what financial statement does Utilities Expense appear?