DATE SHOW BY TYPE FORM Kobayashi Company has the following accounts: C 1. 2. 3. Accounts...

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DATE SHOW BY TYPE FORM Kobayashi Company has the following accounts: C 1. 2. 3. Accounts Type of Account Financial Statement Normal Balance Cash Asset Balance Sheet Debit M. Kobayashi, Capital Owner's Capital Balance Sheet and Statement of Owner's Equity Credit Accounts Payable Liability Balance Sheet Credit Building Asset Balance Sheet Debit Insurance Expense Expense Income Statement Debit I SUPPORT Interest Revenue Revenue Income Statement Credit M. Kobayashi, Drawings Drawings Statement of Owner's Equity Debit Notes Receivable Asset Balance Sheet Debit Prepaid Insurance Asset Balance Sheet Debit Rent Expense Expense Income Statement Debit Service Revenue Revenue Income Statement Credit Supplies Asset Balance Sheet Debit Explain why the normal balance for each of the different types of accounts is either a debit or credit. Refer to the accounting equation in your explanation. (b) B I U T TEE cash- H H Page 1 of 1 O words B English (Canada) Text Predictions: On Accessibility: Investigate 99 T + 206% DFocus ENG -5C Windy LIS 10:46 PM 2024-02-28 DATE SHOW BY TYPE FORM Kobayashi Company has the following accounts: C 1. 2. 3. Accounts Type of Account Financial Statement Normal Balance Cash Asset Balance Sheet Debit M. Kobayashi, Capital Owner's Capital Balance Sheet and Statement of Owner's Equity Credit Accounts Payable Liability Balance Sheet Credit Building Asset Balance Sheet Debit Insurance Expense Expense Income Statement Debit I SUPPORT Interest Revenue Revenue Income Statement Credit M. Kobayashi, Drawings Drawings Statement of Owner's Equity Debit Notes Receivable Asset Balance Sheet Debit Prepaid Insurance Asset Balance Sheet Debit Rent Expense Expense Income Statement Debit Service Revenue Revenue Income Statement Credit Supplies Asset Balance Sheet Debit Explain why the normal balance for each of the different types of accounts is either a debit or credit. Refer to the accounting equation in your explanation. (b) B I U T TEE cash- H H Page 1 of 1 O words B English (Canada) Text Predictions: On Accessibility: Investigate 99 T + 206% DFocus ENG -5C Windy LIS 10:46 PM 2024-02-28