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Please help . Please.. Listed below is a list of accounts: No. Accounts Assets (A), Liabilities (L), Revenue (R), Expenses (E) or Owner's Equity (OE)
Please help . Please..
Listed below is a list of accounts: No. Accounts Assets (A), Liabilities (L), Revenue (R), Expenses (E) or Owner's Equity (OE) L Income Statement (18) or Balance Sheet (BS) BS Normal balance Debit (D) or Credit (C) a. c. e. Example: Accounts payable Accounts receivable b. Advertising expense Cash d. Unearned revenues Depreciation expense f. Equipment Interest expense h. Notes payable i. Office supplies j. Office supplies expense k. Prepaid insurance I. Rent expense Capital n. Salaries payable o. Revenue m. You are required: Classify each account into the correct chart of accounts. Indicate whether it is included in the Income Statement or Balance sheet and the normal balance when closed. (Total: 20)Step by Step Solution
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