eBook Video Print Item Classify each of the accounts listed below as assets, liabilities, owner's equity, revenue, or expenses. Indicate the normal debit or credit balance of each account. Indicate whether each account will appear in the Income Statement columns or the Balance Sheet columns of the work sheet. Item 0 is given as an example. ACCOUNT 0. Example: Wages Expense a. Prepaid Insurance b. Accounts Payable c. Office Supplies Expense d. T. Bristol, Capital e. Accumulated Depreciation, Building f. T. Bristol, Drawing g. Income from Services h. Equipment Depreciation Expense, Equipment j. Wages Payable INCOM NORMAL CLASSIFICATION BALANCE BALANCE Expense Debit Incon Next > Save and Exit Submit Assignment for Grading Pencil
eBook Video Print Item Classify each of the accounts listed below as assets, liabilities, owner's equity, revenue, or expenses. Indicate the normal debit or credit balance of each account. Indicate whether each account will appear in the Income Statement columns or the Balance Sheet columns of the work sheet. Item 0 is given as an example. ACCOUNT 0. Example: Wages Expense a. Prepaid Insurance b. Accounts Payable c. Office Supplies Expense d. T. Bristol, Capital e. Accumulated Depreciation, Building f. T. Bristol, Drawing g. Income from Services h. Equipment Depreciation Expense, Equipment j. Wages Payable INCOM NORMAL CLASSIFICATION BALANCE BALANCE Expense Debit Incon Next > Save and Exit Submit Assignment for Grading Pencil
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:eBook
Video
Print Item
Classify each of the accounts listed below as assets, liabilities, owner's equity, revenue, or expenses. Indicate the normal debit
or credit balance of each account. Indicate whether each account will appear in the Income Statement columns or the Balance
Sheet columns of the work sheet. Item 0 is given as an example.
ACCOUNT
0. Example: Wages Expense
a. Prepaid Insurance
b. Accounts Payable
c. Office Supplies Expense
d. T. Bristol, Capital
e. Accumulated Depreciation, Building
f. T. Bristol, Drawing
g. Income from Services
h. Equipment
Depreciation Expense, Equipment
j. Wages Payable
INCOM
NORMAL
CLASSIFICATION
BALANCE
BALANCE
Expense
Debit
Incon
Next
>
Save and Exit
Submit Assignment for Grading
Pencil
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