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 RentLong-term 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 (urrent)Accounts PayablesAccrued Expensesurrent Portion of Mortgage PayableG.S.T. PayableDue to ShareholdersIncome Tax PayableMortgage PayableGain on Sale of Fixed AssetsInterest Incomeorporate FleetAccum. Amort - Factory BuildingAccum. Amort - Gactory Parking LotBank Operating LoanE.T.D. 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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