problem 4-1a

17. Owner, Capital 8. Interest Expense 9. Accounts Receivable 10. 11. Accumulated Depreciation Office Supplies Insurance Expense 12. 13. Interest Receivable 14. Cash 15. Rent Expense 16. Wages Payable MIO 151 + + SES Exercise 4-1 Assigning account balances on a work sheet P1 These 16 accounts are from the Adjusted Trial Balance columns of a company's work sheet. Determine the letter of the financial statement column (A, B, C, or D) where a normal account balance is extended. A. Debit column for the Income Statement columns. B. Credit column for the Income Statement columns. C. Debit column for the Balance Sheet & Statement of Owner's Equity columns. D. Credit column for the Balance Sheet & Statement of Owner's Equity columns. 1. Interest Revenue 2. Machinery 3. Owner, Withdrawals 4. Depreciation Expense 5. Accounts Payable 6. Services Revenue 17. Owner, Capital