Question: Exercise 4 - 1 ( Static ) Assigning account balances on a work sheet LO P 1 Select the financial statement column to which the

Exercise 4-1(Static) Assigning account balances on a work sheet LO P1
Select the financial statement column to which the normal account balance is extended.
A. Deblt column for the Income Statement columns.
B. Credit column for the Income Statement columns.
C. Deblt column for the Balance Sheet & Statement of Owner's Equity columns.
D. Credit column for the Balance Sheet & Statement of Owner's Equity columns.
\table[[1. Interest revenue,],[2. Machinery,],[3. Owner, Withdrawals,],[4. Depreciation expense,],[5. Accounts payable,],[6. Service revenue,],[7. Owner, Capital,],[8. Interest expense,],[9. Accounts receivable,],[10. Accumulated depreciation,],[11. Office supplies,],[12. Insurance expense,],[13. Interest receivable,],[14. Cash,],[15. Rent expense,],[16. Wages payable,]]
Exercise 4-1(Static) Assigning account balances on a work sheet LO P1

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