For each account listed, identify whether the account would appear in either the income statement section or the balance sheet section of the worksheet. Assuming normal balances, identify if the account would be recorded in the debit (DR) or credit (CR) column. 8. Service Revenue 11. Depreciation Expense-Building 9. Accounts Payable 12. Sandy, Withdrawals 10. Cash 13. Accumulated Depreciation-Building

For each account listed, identify whether the account would appear in either the income statement section or the balance sheet section of the worksheet. Assuming normal balances, identify if the account would be recorded in the debit (DR) or credit (CR) column. 8. Service Revenue 11. Depreciation Expense-Building 9. Accounts Payable 12. Sandy, Withdrawals 10. Cash 13. Accumulated Depreciation-Building

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 5PA: Identify the financial statement on which each of the following account categories would appear: the...

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Identify the financial statement on which each of the following account categories would appear: the balance sheet (BS), the income statement (IS), or the retained earnings statement (RE). Indicate the normal balance (Dr for debit; Cr for credit) for each account category. Table 3.16
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