These 16 accounts are from the Adjusted Trial Balance columns of a companys 10-column work sheet. In

Question:

These 16 accounts are from the Adjusted Trial Balance columns of a company’s 10-column work sheet. In the blank space beside each account, write the letter of the appropriate financial statement column (A, B, C, or D) to which 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 and Statement of Owner’s Equity columns.
D. Credit column for the and Statement of Owner’s Equity columns.
______1. Office Supplies
______2. Accounts Payable
______3. Owner, Capital
______4. Wages Payable
______5. Machinery
______6. Interest Receivable
______7. Interest Expense
______8. Owner, Withdrawals
______9. Service Fees Revenue
______10. Insurance Expense
______11. Accumulated Depreciation
______12. Interest Revenue
______13. Accounts Receivable
______14. Rent Expense
______15. Depreciation Expense
______16. Cash

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...