Identify characteristics of each account below by identifying (a) the account type, (b) normal balance, (c) financial statement on which it is reported, and (d) method of increasing the account. Below are your choices:

Account Type: A = Asset, L = Liability, Eq = Equity, R = Revenue, Ex = Expense. Identify contra accounts in the category of the account to which they are contra and place brackets around the letter(s). Identify adjunct accounts in the category of the account to which they are adjunct and place a plus sign (+) in front of the appropriate letter(s).

Normal Balance and Method of Increase: D = Debit, C = Credit

Financial Statement: BS = Balance Sheet, IS = Income Statement

Item #	Account Title	Account Type	Normal Balance	Financial Statement	Increased By
1	Bob Jones, Capital	Eq	C	BS	C
2	Interest Expense	Ex	D	IS	D
3	Salaries Payable	L	C	BS	C
4	Cost of Goods Sold	Ex	D	IS	D
5	Accounts Receivable	A	D	BS	D
6	Accumulated Depreciation	(A)	C	BS	C
7	Cash
8	Interest Earned
9	Retained Earnings
10	Unearned Revenue
11	Short-Term Investments
12	Sales
13	Common Stock
14	Mortgage Payable
15	Prepaid Rent
16	Patents
17	Accrued Sick Leave
18	Advertising Expense
19	Sales Discounts
20	Depreciation Expense