Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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 tableimage text in transcribed

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 Revenue

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Horngrens Accounting, The Managerial Chapters

Authors: Tracie Miller Nobles, Brenda Mattison

13th Edition

0135982138, 9780135982136

More Books

Students also viewed these Accounting questions