Determine the financial statement column (Income Statement column or the Balance Sheet & Statement of Owners Equity
Question:
Determine the financial statement column (Income Statement column or the Balance Sheet & Statement of Owner’s Equity column) where a normal account balance is extended.
a. Equipment
b. Owner, Withdrawals
c. Prepaid Rent
d. Depreciation Expense
e. Accounts Receivable
f. Insurance Expense
g. Supplies
h. Rent Expense
i. Cash
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