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For each account listed identify the category it belongs to, the normal balance (debit or credit), and the financial statement the account appears. Account Category

For each account listed identify the category it belongs to, the normal balance (debit or credit), and the financial statement the account appears.

Account

Category

Normal Balance

Financial Statement

0. Cash

Asset

Debit

Balance Sheet

1. Depreciation Expense

2. Accumulated

Depreciation

3. Wages Expense

4. Office Supplies

5. Office Supplies Expense

6. Wages Payable

7. Prepaid Rent

Show which columns would contain the adjusted balances by placing an "x" in the appropriate column. Assume all accounts have normal balances.

Income Statement Balance Sheet

Debit Credit Debit Credit

Cash (example)

________ ________ ___x____ ________

Accounts Receivable

________ ________ ________ ________

Office Supplies

________ ________ ________ ________

Prepaid Rent

________ ________ ________ ________

Word Processing Equipment

________ ________ ________ ________

Accounts Payable

________ ________ ________ ________

M. Bryant, Capital

________ ________ ________ ________

M. Bryant, Withdrawals

________ ________ ________ ________

Word Processing Fees Earned

________ ________ ________ ________

Office Salaries Expense

________ ________ ________ ________

Advertising Expense

________ ________ ________ ________

Accumulated Depreciation

________ ________ ________ ________

Rent Expense

________ ________ ________ ________

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