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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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