For each account listed, identify whether the account would appear in either the income statement section or the balance sheet section of the worksheet. Assuming normal balances, identify if the account would be recorded in the debit (DR) or credit (CR) column. 8. Service Revenue 11. Depreciation Expense-Building 9. Accounts Payable 12. Sandy, Withdrawals 10. Cash 13. Accumulated Depreciation-Building
For each account listed, identify whether the account would appear in either the income statement section or the balance sheet section of the worksheet. Assuming normal balances, identify if the account would be recorded in the debit (DR) or credit (CR) column. 8. Service Revenue 11. Depreciation Expense-Building 9. Accounts Payable 12. Sandy, Withdrawals 10. Cash 13. Accumulated Depreciation-Building
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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