Two Part Question Here:Question 1: Please tell me what type of account are the following and if they have a DR or CR balance and on what Financial Statement(s) do they appear on.Salary ExpenseService Fee RevenueSales ReturnsInterest ExpenseAccrued LiabilitiesQuestion 2: For the following T-Account calculate the missing amount. Assume the Beginning and Ending balances are on the normal side of the account, that is the side on which the balance increasesThis is a T-Account FormatSalary Expense2/1 Beginning Balance $80,000 2/10 Transaction B2/15 Transaction A $20,0002/28 Transaction C $6,000Ending Balance?

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A: Net income=Revenue-Rent+Salary+Utilities+Misc.=4,059-1,200+880+225+1,000=754

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Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.