Question: Exercise 4-1 Extending adjusted account balances on a work sheet LO P1 These 16 accounts are from the Adjusted Trial Balance columns of a company's

 Exercise 4-1 Extending adjusted account balances on a work sheet LO

Exercise 4-1 Extending adjusted account balances on a work sheet LO P1 These 16 accounts are from the Adjusted Trial Balance columns of a company's work sheet. Select the letter of the financial statement column (A, B, C, or D) where a normal account balance is extended. A. Debit column for the income Statement columns B. Credit column for the Income Statement columns. C. Debit column for the Balance Sheet and Statement of Owner's Equity columns D. Credit column for the Balance Sheet and Statement of Owner's Equity columns 1. Interest Revenue A. Debit column for the Income Statement columns B. Credit column for the Income Statement columns. C. Debit column for the Balance Sheet and Statement D. Credit column for the Balance Sheet and Statement 2. Machinery 3. Owner, Withdrawals 4. Depreciation Expense 5. Accounts Payable 6. Service Fees 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

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