E2-12 Identifying accounts, increases in accounts, and normal balances a. Interest Revenue f. Unearned Revenue g. Prepaid Rent h. Utilities Expense b. Accounts Payable c. Calhoun, Capital d. Office Supplies i. Calhoun, Withdrawals c. Advertising Expense j. Service Revenue Requirements 1. Identify each account as asset (A), liability (L), or equity (E). 2. Identify whether the account is increased with a debit (DR) or credit (CR). 3. Identify whether the normal balance is a debit (DR) or credit (CR).

E2-12 Identifying accounts, increases in accounts, and normal balances a. Interest Revenue f. Unearned Revenue g. Prepaid Rent h. Utilities Expense b. Accounts Payable c. Calhoun, Capital d. Office Supplies i. Calhoun, Withdrawals c. Advertising Expense j. Service Revenue Requirements 1. Identify each account as asset (A), liability (L), or equity (E). 2. Identify whether the account is increased with a debit (DR) or credit (CR). 3. Identify whether the normal balance is a debit (DR) or credit (CR).

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Description: E2-12 Identifying accounts, increases in accounts, and normal balancesa. Interest Revenuef. Unearned Revenueg. Prepaid Renth. Utilities Expenseb. Accounts Payablec. Calhoun, Capitald. Office Suppliesi. Calhoun, Withdrawalsc. Advertising Expensej. Se

College Accounting (Book Only): A Career Approach

12th Edition

ISBN:9781305084087

Author:Cathy J. Scott

Publisher:Cathy J. Scott

Chapter4: Adjusting Entries And The Work Sheet

Section: Chapter Questions

Problem 2E: Classify each of the accounts listed below as assets (A), liabilities (L), owners equity (OE),...

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