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Using the list provided, indicate for each account below the QuickBooks classification that would most likely be used (when the account is created) and the

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Using the list provided, indicate for each account below the QuickBooks classification that would most likely be used (when the account is created) and the normal balance (dr/cr) for each account. ACCT Debit Credit FEEb KK IKKH IHK P FN+ F Merchandise Inventory Gain on Sale of Plant Asset Furniture & Fixtures Current Portion of Mortgage Payable Land Held for Future Expansion Prepaid Advertising Sales Discounts Customer's Down Payment Transportation In Interest Income Patent Supplies Expense Common Stock A Bank B Accounts Receivable C Other Current Asset D Fixed Asset JE Other Asset F Accounts Payable G Credit Card H Other Current Liability I Long Term Liability Equity K Income L Cost of Goods Sold M Expense N Other Income 0 Other Expense Page 2 of 2

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