Directions: Complete the table below. The first item has been uoe Increased by Decreased by List of Accounts Classification Normal Balance (Debit (Debit/ (Asset, Liabilities, Owner's Equity Credit) (Debit/ Credit) Credit) „Revenue, Expense) Debit Credit Cash Asset Debit Accounts Receivable 3. Merchandise Inventory 4 Prepaid Insurance Supplies 6. Office Equipment Transportation Equipment 8. Building 6. Land 10 Intangible Assets
Directions: Complete the table below. The first item has been uoe Increased by Decreased by List of Accounts Classification Normal Balance (Debit (Debit/ (Asset, Liabilities, Owner's Equity Credit) (Debit/ Credit) Credit) „Revenue, Expense) Debit Credit Cash Asset Debit Accounts Receivable 3. Merchandise Inventory 4 Prepaid Insurance Supplies 6. Office Equipment Transportation Equipment 8. Building 6. Land 10 Intangible Assets
Chapter10: Financial Statements And Reports
Section: Chapter Questions
Problem 3.4C
Related questions
Question
![Directions: Complete the table below. The first item has been done for you.
Normal
Increased by Decreased by
List of Accounts
Classification
Balance
(Debit/
(Debit/
(Asset, Liabilities,
Owner's Equity
Credit)
(Debit/ Credit) Credit)
Revenue,
Expense)
Debit
Credit
Cash
Asset
Debit
Accounts Receivable
3
Merchandise Inventory
Prepaid Insurance
Supplies
Office Equipment
Transportation
Equipment
7.
Building
Land
10 Intangible Assets
tand](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3a933094-ef88-408d-b59f-cf6ce154666e%2F57d969cc-3726-4949-aad0-40547a7c8104%2Fx250ur9_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Directions: Complete the table below. The first item has been done for you.
Normal
Increased by Decreased by
List of Accounts
Classification
Balance
(Debit/
(Debit/
(Asset, Liabilities,
Owner's Equity
Credit)
(Debit/ Credit) Credit)
Revenue,
Expense)
Debit
Credit
Cash
Asset
Debit
Accounts Receivable
3
Merchandise Inventory
Prepaid Insurance
Supplies
Office Equipment
Transportation
Equipment
7.
Building
Land
10 Intangible Assets
tand
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College