Question: Hi I need help on what is the answer for this activity. I hope that you can help me Assignment No. 3 A. Classify each
Hi I need help on what is the answer for this activity. I hope that you can help me

Assignment No. 3 A. Classify each of the accounts listed below as assets (A), liabilities (L), owner's equity (OE), revenue (R), or expenses (E). Indicate the normal balance of each account. Indicate further whether each account will appear in Income Statement columns (I) or Balance Sheet (B) columns of the worksheet. Account Classification Normal Balance Income Statement or Balance Sheet Columns Example: Salary expense E Debit . Accounts receivable b. Depreciation Expense - Eqpt. C. Unearned Revenues d. Supplies C. Equipment f. Christian Grey, Capital g. Accumulated Depreciation - Eqpt h. Christian Grey, Withdrawals i. Consulting Revenues j. Prepaid insurance
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
