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Please open the attached Excel. Fill it in and Submit. The account can be on the income statement or the balance sheet, Never on both.
Please open the attached Excel. Fill it in and Submit. The account can be on the income statement or the balance sheet, Never on both.
Same rule for Permanent or temporary. Either one. So mark an X in the appropriate column. Write if Debit or Credit is the normal balance
Normal Bal | ||||||
Account Name | Type | Income statement | Balance Sheet | Debit/Credit | Perm./Temp | |
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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