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Following is a list of accounts found in Joe Biden's general ledger. Your task is twofold: (1) to indicate the normal account balance and (2)

Following is a list of accounts found in Joe Biden's general ledger. Your task is twofold: (1) to indicate the normal account balance and (2) the financial statement where the account would be placed by using the following c CR= Credit IS = Income Statement BS= Balance Sheet Accounts Example: Cash Accounts Payable Unearned Subscription Revenue Bad Debt Expense Equipment Sales Taxes Payable Accounts Receivable Advertising Expense Unearned Rent Revenue Sales Returns and Allowances Accumulated Depreciation-Equipment Cash Over and Short (cash is over) Gain on Disposal of Building Prepaid Insurance Salary Expense Sales Revenue Allowance for Doubtful Accounts Copyright Cost of Goods Sold Payroll Tax Expense Notes Payable Rent Revenue DR = Debit Normal Balance DR Financial Statement BS
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