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Please help me understand, my professor is still out for the new years holiday The following selected accounts appear in the adjusted trial balance columns
Please help me understand, my professor is still out for the new years holiday
The following selected accounts appear in the adjusted trial balance columns of the worksheet for Ashram Company. Indicate with an "X" the financial statement column (income statement Dr., balance sheet Cr., etc.) to which each balance should be extended.
Income Statement | Balance Sheet | |||||||
Account | Dr. | Cr. | Dr. | Cr. | ||||
Accumulated Depreciation | select an "X" if it is necessary X | select an "X" if it is necessary X | select an "X" if it is necessary X | select an "X" if it is necessary X | ||||
Depreciation Expense | select an "X" if it is necessary X | select an "X" if it is necessary X | select an "X" if it is necessary X | select an "X" if it is necessary X | ||||
Owner's Capital | select an "X" if it is necessary X | select an "X" if it is necessary X | select an "X" if it is necessary X | select an "X" if it is necessary X | ||||
Owner's Drawings | select an "X" if it is necessary X | select an "X" if it is necessary X | select an "X" if it is necessary X | select an "X" if it is necessary X | ||||
Service Revenue | select an "X" if it is necessary X | select an "X" if it is necessary X | select an "X" if it is necessary X | select an "X" if it is necessary X | ||||
Supplies | select an "X" if it is necessary X | select an "X" if it is necessary X | select an "X" if it is necessary X | select an "X" if it is necessary X | ||||
Accounts Payable | select an "X" if it is necessary X | select an "X" if it is necessary X | select an "X" if it is necessary X | select an "X" if it is necessary X |
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