For each Account Type, identify the Financial Statement on which the account would appear (balance sheet (BS), income statement (IS), or owner's equity statement (OES) and the Normal Balance (Debit or Credit). Account Type Financial Statement Normal Balance [ Select] [ Select] IS OES Asset [ Select ] BS Owner's Capital [ Select ] [ Select ] Owner's Drawings [ Select ] [ Select ] [ Select ] [ Select ] Expenses Liabilities [ Select ] [ Select ] Revenue [ Select ] [ Select ] > > > > > >
For each Account Type, identify the Financial Statement on which the account would appear (balance sheet (BS), income statement (IS), or owner's equity statement (OES) and the Normal Balance (Debit or Credit). Account Type Financial Statement Normal Balance [ Select] [ Select] IS OES Asset [ Select ] BS Owner's Capital [ Select ] [ Select ] Owner's Drawings [ Select ] [ Select ] [ Select ] [ Select ] Expenses Liabilities [ Select ] [ Select ] Revenue [ Select ] [ Select ] > > > > > >
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 4EA: Identify the financial statement on which each of the following accounts would appear: the income...
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