Concept explainers
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 Balance Sheet and Statement of Owner’s Equity columns.
- 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.
______ 10.
______ 11. Office Supplies
______ 12. Insurance Expense
______ 13. Interest Receivable
______ 14. Cash
______ 15. Rent Expense
______ 16. Wages Payable
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Principles of Financial Accounting.
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