11.What is the normal balance in each of these accounts? (Use the following abbreviations to answer this question; D - Debit , C- Credit) 1 .Bank deposit 6- .Cash 7 . Inventory 8- .Prepaid insurance . Bank loan Sales revenue 2- . .Accounts payable „Capital .Retained earnings 3-. 4-. 9-. 5- . ..Accounts receivable 10-.
11.What is the normal balance in each of these accounts? (Use the following abbreviations to answer this question; D - Debit , C- Credit) 1 .Bank deposit 6- .Cash 7 . Inventory 8- .Prepaid insurance . Bank loan Sales revenue 2- . .Accounts payable „Capital .Retained earnings 3-. 4-. 9-. 5- . ..Accounts receivable 10-.
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 13GI
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![11.What is the normal balance in each of these accounts? (Use the following abbreviations
to answer this question; D - Debit , C- Credit)
..Bank deposit
..Accounts payable
..Capital
..Retained earnings
5- .Accounts receivable
1..
6-. .
.Cash
7- .
2- .
3-.
.Inventory
. Prepaid insurance
. Bank loan
8-.
4-....
9.
10-.
. Sales revenue
12.Classify the items listed (1 to 5) under the following balance sheet headings:
A- Assets
L- Liabilities
SE- Shareholders' Equity
1 .Cash
2 .
3-. .
.Capital
.Equipment
.Accounts payable
..Retained earnings
4-.
5 .](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe573faa2-1ff7-4987-a696-90924412f975%2F99559450-549b-487b-b534-3c1e95f0430a%2Fa655oi4_processed.jpeg&w=3840&q=75)
Transcribed Image Text:11.What is the normal balance in each of these accounts? (Use the following abbreviations
to answer this question; D - Debit , C- Credit)
..Bank deposit
..Accounts payable
..Capital
..Retained earnings
5- .Accounts receivable
1..
6-. .
.Cash
7- .
2- .
3-.
.Inventory
. Prepaid insurance
. Bank loan
8-.
4-....
9.
10-.
. Sales revenue
12.Classify the items listed (1 to 5) under the following balance sheet headings:
A- Assets
L- Liabilities
SE- Shareholders' Equity
1 .Cash
2 .
3-. .
.Capital
.Equipment
.Accounts payable
..Retained earnings
4-.
5 .
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