Write the answers for the following problem in the Working Papers.

Instructions:

Do the following for each account. The Sales—Video account is given above as an example.

1. Write the account title in Column 1.

2. Write the account classification in Column 2.

3. Place a check mark in either Column 3 or 4 to indicate the normal balance of the account.

4. Place a check mark in either Column 5 or 6 to indicate the increase side of the account.

5. Place a check mark in either Column 7 or 8 to indicate the decrease side of the account.

Transcribed Image Text:

Sales-Video Prepaid Insurance Cash Miscellaneous Expense Supplies-Audio Sanford Studios (an account receivable) Capital Stock TechCorp (an account payable)