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

Instructions: 

Do the following for each account. The cash account is given 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:

Cash Accounts Receivable-Jens Olefson Accounts Receivable-Toni Nolan Supplies Prepaid Insurance Accounts Payable United Company Juan Reo, Capital