Question: Indicate with an X whether each account total should be extended to the income statement debit or credit or to the balance sheet debit or
balaiice Sheet Debit CreditDebit Cash Accounts Receivable Supplies Prepaid Insurance Automobile Accum. Depr-Automobile Accounts Payable Wages Payable Owner, Capital Owner, Drawing Service Fees Wages Expense Supplies Expense Utilities Expense Insurance Expense Depr. Exp.-Automobile ANALYSIS OF NET INCOME OR NET LOSS ON THE WORK SHEET Inser dollar amounts where the net income or net loss would appear on the work shee Income Statement Balance Shee Debit Credit Debit C Net Inen
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