Question: Please indicate each account if its: - Balance sheet or income statment - is it credit or debit - what is the properties for
- Please indicate each account if its: Balance sheet or income statment is it credit or debit what is the properties for each account as follow:cash, prepaid expenses, long term investments, fixed assets, deferred charges and other, earnings, sales or gross income, cost of sales, operationg expenses, notes payable and bank debt, accounts payable and acc. liab.,income taxes, deferred income, lotracted obl.&contingencies, subsequent events and cut off long term debt, defferred income taxes, shareholders equityPetty ashhecking AccountSavings AccountMarketabe SecuritiesAccounts ReceivablesAllowance For Doubtful AccountsMisc. ReceivablesInterest ReceivableInventoryPrepaid RentLongterm InvestmentsFactory BuildingFactory Parking LotProduction MachineryOffice EquipmentAccum. Amort Production MachineryAccum. Amort OfficeAccum. Amort orporate FleetLandRetained EarningsSalesInventory ShangeOfficeomputerMisc. Suppliesorporate GymPurchasesWagesDuty & BrokerageFreightLight & HeatFactory RepairsGrinder SuppliesInsuranceMunicipal TaxesUIPPWBEHTGroup InsuranceAmortization MachineryAmortization BuildingAmortization Parking lotSalariesommissionsGasolineAuto & TruckTravelAdvertisingLegalAccountingTelephoneInterest on MortgagePostageBank hargesDues & FeesDonationsBad debtsAmortization OfficeAmortization orporate FleetMisc. ExpenseRentIncome Tax Provision urrentAccounts PayablesAccrued Expensesurrent Portion of Mortgage PayableGST PayableDue to ShareholdersIncome Tax PayableMortgage PayableGain on Sale of Fixed AssetsInterest Incomeorporate FleetAccum. Amort Factory BuildingAccum. Amort Gactory Parking LotBank Operating LoanETD PayablePreference Sharesommon Shares
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I can definitely help you categorize those accounts Heres the breakdown for each Account Balance SheetIncome Statement Normal Balance Properties Cash Balance Sheet Debit Current asset highly liquid Pr... View full answer
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