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Account Title Balance Sheet or Income Statement account? (mark B/S or l/S) Asset, Liability, or Does account increase Equity

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Answer #1

1.PAYROLL TAXES PAYABLES = B/S - L - CR.
2.PREMIUM ON BOND PAYABLE= B/S - L- CR.
3.SELLS RETURN AND ALLOWANCE= I/S - - DR.
4.DEPRECIATION EXPENSE = I/S- - DR.
5.ACCOUNT RECEIVABLES= B/S- A- DR.
6.COMMON STOCK PAR=B/S- L- CR.
7.SUPPLIES EXPENSE = I/S- - DR.
8. DIVIDENDS PAYABLE= B/S- L- CR.
9. DIVIDEND REVENUE=I/S- - CR.
10.INTEREST EXPENSE=I/S- - DR.
11. ALLOWANCE FOR DOUBTFUL ACCOUNTS= I/S - - DR.
12.EQUITY INVESTMENT (TRADING)= B/S - A- DR.
13.FRANCHISE=  B/S - A- DR.
14.BRAND NAMES=  B/S- A- DR.
15. UNEARNED REVENUE= B/S-A-DR.
16.INTEREST REVANUE= I/S- - CR.
17.GAIN FORM DISPOSAL OF DISCONTINUED OPERATION= I/S- - CR.
18.ACCOUNT PAYABLES= B/S- L- CR.
19.INCOME TAX RECEIVABLES= B/S- A- DR.
20.INCOME TAX PAYABLES = B/S- L- CR.
21.COGS= IS - - DR.
22.SUPPLIES ON HAND= B/S- A- DR.
23.ACCUMULATED DEPRECIATION= B/S- L- CR.
24.ADDITIONAL PAID IN CAPITAL= B/S- L- CR.
25.BOND SINKING FUND= B/S- L- CR.
26.BOND PAYABLE= B/S- L- CR.
27.RETAINED EARNINGS= B/S- L- CR.
28.TEASORY STOCK= B/S- A- DR.

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