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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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