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F. Instructions: Identify each of the items listed below as an asset, liability, stockholders' equity, revenue, or expense, and indicate the normal balance of each
F. Instructions: Identify each of the items listed below as an asset, liability, stockholders' equity, revenue, | |||||||||
or expense, and indicate the normal balance of each account. | |||||||||
Answers | |||||||||
Item | Balance | ||||||||
0. Common Stock | 0. | stockholders' equity | credit | ||||||
1. Deficit | 1. | ||||||||
2. Preferred Stock | 2. | ||||||||
3. Paid-In Capital in Excess of | 3. | ||||||||
Par-Preferred Stock | |||||||||
4. Treasury Stock | 4. | ||||||||
5. Organization Costs | 5. | ||||||||
6. Paid-In Capital in Excess of | 6. | ||||||||
State Value | |||||||||
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