Objective 1 Write the letter of the correct answer. (60 points) A - Assets A - Normal B - Liabilities Balance is C-Equity Debit D-Income B - Normal E - Expense Balance is Credit A - Account Balance is extended to Income Statement B - Account Balance is extended to Balance Sheet A- Current B - Non Current C-Not Applicable 1. Cash In Bank 2. Taxes and Licenses 3. Service Revenue 4. Depreciation 5. Est. Uncollectible Account 6. Accounts Payable 7. Accrued Rent Income 8. Machinery 9. Sales 10. Uncollectible Account 11. Prepaid Insurance 12. Accrued Utilities Expense 13. Salaries and Wages 14. Land 15. Accumulated Depreciation