Question: 1 Instructions 1. Column C. should be TYPE: ASSET, LIABILITY, EQUITY, REVENUE OR EXPENSES 3 2. COLUMN D OR E SHOULD HAVE A YES OR

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