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Please zoom to see questions and table Type: Asset, liability, equity. revenue or will be on the will be on the Expense Income statement Balance
Please zoom to see questions and table
Type: Asset, liability, equity. revenue or will be on the will be on the Expense Income statement Balance Sheet Normal Balance is Debitor Credit Temporary or Permanent Account Name 1 cash Instructions 1. Column C. should be TYPE: ASSET, LIABILITY, EQUITY, REVENUE OR EXPENSES 2 Capital Stock 2. COLUMN D OR E SHOULD HAVE A YES OR NO. EXAMPLE CASH IS ON THE BALANCE SHEET. 3 Mortgage Payable Interest Receivable HINT: NONE OF THE ACCOUNTS WILL BE ON BOTH. 4. FILL IN DEBIT OR CREDIT- WHICH IS NORMAL BALANCE OF THE ACCOUNT. (INCREASE SIDE) 5. Fill in which type of account is it? Temporary or permanent. 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 RevenueStep by Step Solution
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