Question: Complete the following table. The first one has been done for you. Account Type of Element Normal Balance (Debit/Credit) Equipment Asset Debit Cash at Bank
Complete the following table. The first one has been done for you.
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Account | Type of Element | Normal Balance (Debit/Credit) |
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|
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| Equipment | Asset | Debit |
| Cash at Bank |
|
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| Rent Expense |
|
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| Interest Receivable |
|
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| Buildings |
|
|
| Sales Income |
|
|
| Accounts Payable |
|
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| Service Income |
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| Wages Expense |
|
|
| Interest Income |
|
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| Office Equipment |
|
|
| Accounts Receivable |
|
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| Loan Payable |
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|
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