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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. Good luck. HW 1
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