Question

Fill out the table Mark X if it goes to balance sheet or income Statement Normal...

Fill out the table

Mark X if it goes to balance sheet or income Statement

Normal Bal
Account Name Type Income statement Balance Sheet Debit/Credit Perm./Temp
1 Cash
2 Capital Stock
3 Mortgage Payable
4 Interest Receivable
5 Supplies
6 Account Payable
7 Short Term Investments
8 Repair Expense
9 Unearned Service Revenue
10 Equipment
11 Depreciation Expense
12 Interest Revenue
13 Salaries Expense
14 Retained Earnings
15 Accumulated Depreciation
16 Utilities Expense
17 Salaries Payable
18 Account Receivable
19 Notes Payable
20 Service Revenue
0 0
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Answer #1

please find below -

Fill out the table
Mark X if it goes to balance sheet or income Statement
Normal Bal
Account Name Type Income statement Balance Sheet Debit/Credit Perm./Temp
1 Cash Asset X Debit Permanent
2 Capital Stock equity X Credit Permanent
3 Mortgage Payable liabilities X Credit Permanent
4 Interest Receivable Income X Credit Temporary
5 Supplies Asset X Debit Permanent
6 Account Payable liabilities X Credit Permanent
7 Short Term Investments Asset X Debit Permanent
8 Repair Expense Expenses X Debit Temporary
9 Unearned Service Revenue liabilities X Credit Permanent
10 Equipment Asset x Debit Permanent
11 Depreciation Expense Expenses X Debit Temporary
12 Interest Revenue Income X Credit Temporary
13 Salaries Expense Expenses X Debit Temporary
14 Retained Earnings equity X Credit Permanent
15 Accumulated Depreciation Asset / Countra X Credit Permanent
16 Utilities Expense Expenses X Debit Temporary
17 Salaries Payable liabilities X Credit Permanent
18 Account Receivable Asset X Debit Permanent
19 Notes Payable liabilities x Credit Permanent
20 Service Revenue Income X Credit Temporary
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