Question
Several accounts from the financial statements of Robot Technologies are listed below. In the two columns provided for answers, indicate the type of account and
Several accounts from the financial statements of Robot Technologies are listed below. In the two columns provided for answers, indicate the type of account and the normal account balance. Use the following identification codes for your answers:
Type of Account | Normal Balance |
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A = Asset | DR = Debit |
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L = Liability | CR = Credit |
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SE = Stockholders Equity |
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R = Revenue |
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E = Expense |
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| Type of Account | Normal Balance | ||
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A) | Prepaid Expenses | _______ | _______ | ||
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B) | Cable Television Equipment | _______ | _______ | ||
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C) | Subscriptions Received in Advance | _______ | _______ | ||
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D) | Common Stock | _______ | _______ | ||
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E) | Accounts Payable | _______ | _______ | ||
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F) | Income Taxes Expense | _______ | _______ | ||
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G) | Interest Income | _______ | _______ | ||
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H) | Cable Television Franchises | _______ | _______ | ||
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I) | Long-Term Debt | _______ | _______ |
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