a im should pay off 14.Using the following table, enter the relevant categories of the given accounts, based on the example given. No. Account Title Classification Financial Statement in Normal Balance which it appears Ex. Accounts receivable Current asset Balance sheet Debit Accumulated Depreciation-Bldg. Fixed asset (contra) Balance sheet Credit Accounts payable Current liability Balance sheet Credit Dividend income received Other income Income statement Credit Dividends paid Retained earning Retained earnings statement Debit Interest charge on note payable Expense Income statement Debit Prepaid rent Current asset Balance sheet Debit Sales tax collected from sales Current liability Balance sheet Credit 8 Unearned revenue Current liability Balance sheet Credit 7 15. Which of the following statements is true? A. If the trial balance is in balance, it proves that no errors have been made in recording and posting transactions *24. Shown below are a company's ledger accounts and their end-of-period balances after adjustments and before closing entries are posted. What amount will be the ending Retained Earnings? (Assume all accounts have normal balances.) Retained earnings $ 14,000 Dividends 19.200 Sales Revenue. 58.000 Rent expense 7.200 Salaries expense 14.400 Insurance expense..... 840 900 Depr Expense-equipment...... 2,500 Accum depr-equipment