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Homework answers / question archive / Instructions           1

Instructions           1

Accounting

Instructions          
1. Column C. should be TYPE: ASSET, LIABILITY, EQUITY, REVENUE OR EXPENSES  
2. COLUMN D OR E SHOULD HAVE A YES OR NO. EXAMPLE CASH IS ON THE BALANCE SHEET.
HINT: NONE OF THE ACCOUNTS WILL BE ON BOTH.      
4. FILL IN DEBIT OR CREDIT- WHICH IS NORMAL BALANCE OF THE ACCOUNT. (INCREASE SIDE)      
5. Fill in which type of account is it? Temporary or permanent.      
           
 
             
  Account Name Type: Asset, liability, equity, revenue or Expense Will be on the Income statement Will be on the Balance Sheet Normal Balance is Debit or Credit Temporary or Permanent
1 Cash          
2 Capital Stock          
3 Mortgage Payable          
4 Interest Receivable          
5 Supplies          
6 Account Payable          
7 Short Term Investments          
8 Repair Expense          
9 Unearned Service Revenue          
10 Equipment          
11 Depreciation Expense          
12 Interest Revenue          
13 Salaries Expense          
14 Retained Earnings          
15 Accumulated Depreciation          
16 Utilites Expense          
17 Salaries Payable          
18 Account Receivable          
19 Notes Payable          
20 Service Revenue

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