Chapter 4, Problem 2QS

Preparing a work sheet P1

In the blank space beside each account, enter the code for the financial statement column (IS or BS) where a normal account balance is extended. Use IS for the Income Statement column or BS for the Balance Sheet and Statement of Owner's Equity column.

a.	Equipment
b.	Owner, Withdrawals
c.	Prepaid Rent
d.	Depreciation Expense
e.	Accounts Receivable
f.	Insurance Expense
a	Supplies
h.	Rent Expense
i.	Cash