Extending adjusted account balnce on a work sheet These 16 accounts are from the Adjusted Trial Balance

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Extending adjusted account balnce on a work sheet These 16 accounts are from the Adjusted Trial Balance columns of a company’s 10-column work sheet.

In the blank space beside each account, write the letter of the appropriate financial statement column (A, B, C, or D) to which a normal account balance is extended.
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, Depreciation Expense 

5. Accounts Payable 

6. Service Fees Revenue 

7. Owner, Capital aioe 

8. Interest Expense 

9. Accounts Receivable 

10. Accumulated Depreciation 

11. Office Supplies 

12. Insurance Expense 

13. Interest Receivable 

14. Cash 

15. Rent Expense 

16. Wages Payable

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College Accounting Ch 1-14

ISBN: 9780073346892

1st Edition

Authors: John Wild, Vernon Richardson, Ken Shaw

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