Problem

These 14 accounts are from the Adjusted Trial Balance columns of a company’s 10-column w...

These 14 accounts are from the Adjusted Trial Balance columns of a company’s 10-column work sheet.

In the blank space beside each account, write the letter of the appropriate financial statement column (A,

B, C, or D) to which a normal account balance is extended on the work sheet.

A. Debit column for the Income Statement columns.

B. Credit column for the Income Statement columns.

C. Debit column for the Balance Sheet and Statement of Owner’s Equity columns.

D. Credit column for the Balance Sheet and Statement of Owner’s Equity columns.

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Solutions For Problems in Chapter 6