Question: Instructions 1. Column C. should be TYPE: ASSET, LIABILITY, EQUITY, REVENUE OR EXPENSES 2. COLUMN D OR E SHOULD HAVE A YES OR NO. EXAMPLE
| Instructions | ||||||
| 1. Column C. should be TYPE: ASSET, LIABILITY, EQUITY, REVENUE OR EXPENSES | ||||||
| 2. COLUMN D OR E SHOULD HAVE A YES OR NO. EXAMPLE CASH IS ON THE BALANCE SHEET. | ||||||
| HINT: NONE OF THE ACCOUNTS WILL BE ON BOTH. | ||||||
| 4. FILL IN DEBIT OR CREDIT- WHICH IS NORMAL BALANCE OF THE ACCOUNT. (INCREASE SIDE) | ||||||
| 5. Fill in which type of account is it? Temporary or permanent. | ||||||
| Account Name | Type: Asset, liability, equity, revenue or Expense | Will be on the Income statement | Will be on the Balance Sheet | Normal Balance is Debit or Credit | Temporary or Permanent | |
| 1 | Cash | |||||
| 2 | Capital Stock | |||||
| 3 | Mortgage Payable | |||||
| 4 | Interest Receivable | |||||
| 5 | Supplies | |||||
| 6 | Account Payable | |||||
| 7 | Short Term Investments | |||||
| 8 | Repair Expense | |||||
| 9 | Unearned Service Revenue | |||||
| 10 | Equipment | |||||
| 11 | Depreciation Expense | |||||
| 12 | Interest Revenue | |||||
| 13 | Salaries Expense | |||||
| 14 | Retained Earnings | |||||
| 15 | Accumulated Depreciation | |||||
| 16 | Utilites Expense | |||||
| 17 | Salaries Payable | |||||
| 18 | Account Receivable | |||||
| 19 | Notes Payable | |||||
| 20 | Service Revenue | |||||
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