For each Account listed, do the following: 1) List the Type of Account 2) Put a checkmark to indicate if the account is a debit or credit to the Income Statement (IS) or the Balance Sheet (BS) 3) State the Normal Balance of the Account. Refer to number 1 "Accounts Payable" (which is highlighted in yellow) for an example of what an answer would look like.

ZOOM IS - Debit IS -Credit BS - Debit BS-Credit X Normal Balance Credit Number Account Type of Account 1 Accounts Payable Liability 2 Accounts Receivable 3 Accumulated Depreciation 4 Advertising Expense 5 Bonds Payable 6 Buildings 7 Cash 8 Commissions Expense 9 Common Stock 10 Copyright 11 Costs of Goods Sold 12 Costs of Sales 13 Depreciation Expense 14 Equipment 15 Freight Out 16 Goodwill 17 Income Taxes Payable 18 Insurance Expense 19 Interest Income 20 Interest Payable 21 Inventory 22 Investments 23 Land 24 Notes Payable 25 Patent 26 Prepaid Expense 27 Prepaid Insurance 28 Property Taxes Expense 29 Rent Expense 30 Rent Revenue 31 Repairs and Maintenance Expense 32 Retained Earnings 33 Salaries Expense 34 Salaries Payable 35 Sales Discount 36 Sales Return an Allowances 37 Sales Revenue 38 Unearned Sales Revenue 39 Utilities Expense