PA5. LO 3.2 LO 3.4 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. Financial Normal balance statement Assets Common stock Dividends Expenses Liabilities Revenue

PA5. LO 3.2 LO 3.4 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. Financial Normal balance statement Assets Common stock Dividends Expenses Liabilities Revenue

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 36MC: Which set of accounts has the same type of normal balance? A. Cash, accounts payable B. Prepaid...

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