Concept explainers
Exercise 4-1
Extending adjusted account balances on a work sheet
These 16 accounts are from the Adjusted
A. Debit column for the Income Statement columns.
B. Credit column for the Income Statement columns.
C. Debit column for the
D. Credit column for the Balance Sheet and Statement of Owner’s Equity columns.
_____1. Interest Revenue
_____2. Machinery
_____3. Owner, Withdrawals
_____4.
_____5. Accounts Payable
_____6. Service Fees Revenue
_____7. Owner, Capital
_____8. Interest Expense
_____9.
_____l0.
_____1l. Office Supplies
_____12. Insurance Expense
_____13. Interest Receivable
_____14. Cash
_____15. Rent Expense
_____16. Vages Payable

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Chapter 4 Solutions
FUND OF ACCT PRIN(LOOSE-LEAF)+ACCESS
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