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Question (15 marks) State whether the following accounts would appear on an income statement, balance sheet, or statement of owner's equity, normal balance and whether
Question (15 marks) State whether the following accounts would appear on an income statement, balance sheet, or statement of owner's equity, normal balance and whether it is a temporary or permanent account. Insert a tick (X) on the respective cell as your answer. The first account is given as an example. Statement Normal Temporary Income Balance Balance Account of Owner's (T) / Statement Sheet Equity Dr / Cr Permanent (P) Owner's withdrawals X Dr T Office equipment Service revenue Rent expense Accounts receivable Accounts payable Cash Owner's capital Depreciation expense Unearned service revenue Accumulated depreciation - equipment Office supplies Prepaid insurance Gain from sale of asset Loan payable Delivery expense
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