
Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275
Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275 Exercise 48
In preparing a work sheet, indicate the financial statement Debit column to which a normal balance in the following accounts should be extended. Use IS for the Income Statement Debit column and BS for the Balance Sheet and Statement of Owner's Equity Debit column.
__________a. Equipment
__________b. Owner, Withdrawals
__________c. Prepaid Rent
__________d. Depreciation Expense-Equipment
__________e. Accounts Receivable
__________f. Insurance Expense
__________a. Equipment
__________b. Owner, Withdrawals
__________c. Prepaid Rent
__________d. Depreciation Expense-Equipment
__________e. Accounts Receivable
__________f. Insurance Expense
Explanation
Balance sheet summarises the assets, lia...
Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
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