QS 4-1 Applying a work sheet LO1 In preparing a work sheet, indicate the financial statement debit column to w each of the following accounts should be extended. Use IS for the Incom BS for e Statement Debit column and the Balance Sheet or Statement of Changes in Equity Debit column. 1. Equipment 2. Owner, withdrawals 3. Insurance expense 4. Prepaid insurance 5. Accounts receivable 6. Depreciation expense, equipment