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Instructions 1. Column C. should be TYPE: ASSET, LIABILITY, EQUITY, REVENUE OR EXPENSES 2. COLUMN D OR E SHOULD HAVE A YES OR NO. EXAMPLE
Instructions | ||||||
1. Column C. should be TYPE: ASSET, LIABILITY, EQUITY, REVENUE OR EXPENSES | ||||||
2. COLUMN D OR E SHOULD HAVE A YES OR NO. EXAMPLE CASH IS ON THE BALANCE SHEET. | ||||||
HINT: NONE OF THE ACCOUNTS WILL BE ON BOTH. | ||||||
4. FILL IN DEBIT OR CREDIT- WHICH IS NORMAL BALANCE OF THE ACCOUNT. (INCREASE SIDE) | ||||||
5. Fill in which type of account is it? Temporary or permanent. | ||||||
Account Name | Type: Asset, liability, equity, revenue or Expense | Will be on the Income statement | Will be on the Balance Sheet | Normal Balance is Debit or Credit | Temporary or Permanent | |
1 | Cash | |||||
2 | Capital Stock | |||||
3 | Mortgage Payable | |||||
4 | Interest Receivable | |||||
5 | Supplies | |||||
6 | Account Payable | |||||
7 | Short Term Investments | |||||
8 | Repair Expense | |||||
9 | Unearned Service Revenue | |||||
10 | Equipment | |||||
11 | Depreciation Expense | |||||
12 | Interest Revenue | |||||
13 | Salaries Expense | |||||
14 | Retained Earnings | |||||
15 | Accumulated Depreciation | |||||
16 | Utilites Expense | |||||
17 | Salaries Payable | |||||
18 | Account Receivable | |||||
19 | Notes Payable | |||||
20 | Service Revenue |
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