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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