The following ledger accounts are used by Rachel Zane Repair Shop: m. Zane, Withdrawals n. Salaries Payable o. Uneamed Revenues p. Office Equipment q. Rent Payable r. Notes Receivable s. Interest Expense t. Notes Payable u. Supplies v. Interest Receivable w. Rent Expense a. Cash b. Salaries Expense c. Accounts Receivable d. Zane, Capital e. Service Revenues f. Prepaid Rent g. Accounts Payable h. Land i. Supplies Expense j. Prepaid Insurance k. Utilities Expense 1. Service Revenues Requirement: Indicate each account's classification and normal balance by placing (/) marks. Type of Account Normal Balance Owner's Equity Asset Liability Zane, Capital Zane, Withdrawak Revenues Expenses Debit Credit b. d. le. h. m. n. o. p. L u. v.

The following ledger accounts are used by Rachel Zane Repair Shop: m. Zane, Withdrawals n. Salaries Payable o. Uneamed Revenues p. Office Equipment q. Rent Payable r. Notes Receivable s. Interest Expense t. Notes Payable u. Supplies v. Interest Receivable w. Rent Expense a. Cash b. Salaries Expense c. Accounts Receivable d. Zane, Capital e. Service Revenues f. Prepaid Rent g. Accounts Payable h. Land i. Supplies Expense j. Prepaid Insurance k. Utilities Expense 1. Service Revenues Requirement: Indicate each account's classification and normal balance by placing (/) marks. Type of Account Normal Balance Owner's Equity Asset Liability Zane, Capital Zane, Withdrawak Revenues Expenses Debit Credit b. d. le. h. m. n. o. p. L u. v.

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter10: Accounting For Sales And Cash Receipts

Section: Chapter Questions

Problem 7SEA

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