Mark with an X the box that indicates the normal balance and the correct presentation of the following accounts.

ACCOUNTS:

(1) ASSETS

(A) DR

(B) CR

(2) DEBTS

(A) DR

(B) CR

(3) CAPITAL

(A) DR

(B) CR

(4) INCOME EXPENSES

(A) DR

(B) CR

Ex. Bonuses payable

(2B) X

1 Bonus premium payable

(1A)

(1B)

(2A)

(2B)

(3A)

(3B)

(4A)

(4B)

2 Discount on document payable - short term (Discount on notes payable)

(1A)

(1B)

(2A)

(2B)

(3A)

(3B)

(4A)

(4B)

3 Cost of guarantees

(1A)

(1B)

(2A)

(2B)

(3A)

(3B)

(4A)

(4B)

4 Gain on debt restructuring

(1A)

(1B)

(2A)

(2B)

(3A)

(3B)

(4A)

(4B)

5 Land that is received in exchange for the issuance of a long-term payable document (Long term notes payable)

(1A)

(1B)

(2A)

(2B)

(3A)

(3B)

(4A)

(4B)

6 Guarantees payable

(1A)

(1B)

(2A)

(2B)

(3A)

(3B)

(4A)

(4B)

7 Contingent liability-litigation

(1A)

(1B)

(2A)

(2B)

(3A)

(3B)

(4A)

(4B)

8 Bonus for paying executives (bonus payable)

(1A)

(1B)

(2A)

(2B)

(3A)

(3B)

(4A)

(4B)

9 Social security payable

(1A)

(1B)

(2A)

(2B)

(3A)

(3B)

(4A)

(4B)

10 Long Term Notes payable

(1A)

(1B)

(2A)

(2B)

(3A)

(3B)

(4A)

(4B)