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Indicate the following for each account in the table below: A-The account classification( asset, Liability, Contra-asset, revenue, expense, or equity). B-The financial statement on which

Indicate the following for each account in the table below:

A-The account classification( asset, Liability, Contra-asset, revenue, expense, or equity).

B-The financial statement on which the account would be found ( balance sheet, income statement, statement of owner's equity).

C- The normal account balance ( debit or credit)

Account Description A-classification B-financial statement C-normal balance
Cash
Accumulated Depreciation
Depreciation
Prepaid Insurance
Sales
Bad debt
Supplies
Owner Drawing
Accounts Payable
Equipment
Allowance for bad debt

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