In the blank space beside each account, enter the code for the financial statement column (IS or BS) where a normal account balance is extended. Use IS for the Income Statement column or BS for the Balance Sheet and Statement of Owner's Equity column. Equipment b. а. Owner, Withdrawals Prepaid Rent Depreciation Expense с. d. e. Accounts Receivable f. Insurance Expense Supplies h. Rent Expense i. Cash

In the blank space beside each account, enter the code for the financial statement column (IS or BS) where a normal account balance is extended. Use IS for the Income Statement column or BS for the Balance Sheet and Statement of Owner's Equity column. Equipment b. а. Owner, Withdrawals Prepaid Rent Depreciation Expense с. d. e. Accounts Receivable f. Insurance Expense Supplies h. Rent Expense i. Cash

Accounting

27th Edition

ISBN:9781337272094

Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Chapter5: Accounting Systems

Section: Chapter Questions

Problem 5.1EX: Identify postings from revenue journal Using the following revenue journal for Bowman Cleaners Inc.,...

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