Classify each of the accounts listed below as assets (A), liabilities (L), owner's equity (OE), revenue (R) or expense (E). Indicate the normal debit or credit balance of each account. Indicate whether each account will appear in the Income Statement columns (I), or in the Balance Sheet columns (B) of the worksheet. Account Classification Normal Balance Income Statement or Balance Sheet columns EX. Rent Expense E Debit I         a. Accounts Recievable       b. Depreciation Expence - Vehicle       c. Accounts Payable       d. B. Brendo, Capital       f. Computer Equipment       g. Accumulated Depreciation - Vehicle       h. Allowance for Bad Debts       i. Consulting Revenues       j. Insurance Expense       k. Building       l. Notes Payable       m. Unearned Rebenues       n. Interest Expense       o, B. Brendo, Drawings       p. supplies

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Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.