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Depreciation Expense Type of Account Appears on Which Financial Statement Normal Balance Is the Account Closed? Expense Income Statement Debit Yes Expense Income Statement Credit Yes Expense Income Statement Debit No D Expense Income Statement Credit No (E) None of the above Dividends Payable Type of Account Appears on Which Financial Statement Normal Balance Is the Account Closed? A Dividends Balance Sheet Credit No Liability Balance Sheet Credit Yes Liability Balance Sheet Credit NO Dividends Balance Sheet Credit Yes (E None of the above Equipment Type of Account Appears on Which Financial Stat Normal Balance Is the Account Closed? ) Asset Balance Sheet Credit No Asset Balance Sheet Credit Yes Asset Balance Sheet Debit Yes Asset Balance Sheet Debit E None of the above Interest Expense Type of Account Appears on Which Financial Statement Normal Balance Is the Account Closed? Expense Income Statement Debit No Expense Income Statement Credit Yes Expense Neither B/S or I/S Debit No Expense Neither B/S or I/S Credit Yes None of the above Interest Payable Type of Account Appears on Which Financial Statement Normal Balance Is the Account Closed? Liability Balance Sheet Debit No Liability Balance Sheet Debit Yes Liability Balance Sheet Credit NO Liability Balance Sheet Credit Yes E None of the above Interest Receivable Type of Account Appears on Which Financial Statement Normal Balance Is the Account Closed? Asset Balance Sheet Debit No Asset Balance Sheet Debit Yes Asset Balance Sheet Credit No (0) Bar Asset Balance Sheet Credit Yes (ENone of the above Inventory Type of Account Appears on Which Financial Statement Normal Balance Is the Account Closed? Asset Balance Sheet Debit No Asset Balance Sheet Credit No Expense Balance Sheet Debit Yes Expense Balance Sheet Credit Yes E None of the above MAR 28 Note Payable Type of Account Appears on Which Financial Statement Normal Balance Is the Account Closed? Liability Balance Sheet Debit No Liability Balance Sheet Debit Yes Liability Balance Sheet Credit No Liability Balance Sheet Credit Yes E None of the above Prepaid Insurance Type of Account Appears on Which Financial Statement Normal Balance Is the Account Closed? Asset Balance Sheet Credit NO Asset Balance Sheet Debit No Expense Income Statement Credit Yes Expense Income Statement Debit Yes E None of the above 100091101 28 Prepaid Rent Type of Account Appears on Which Financial Statement Normal Balance Is the Account Closed? Asset Balance Sheet Credit No Asset Balance Sheet Debit NO Liability Balance Sheet Credit No Liability Balance Sheet Debit No E None of the above Rent Expense Type of Account Appears on Which Financial Statement Normal Balance Is the Account Closed? Asset Balance Sheet Credit No Asset Balance Sheet Debit No Expense Balance Sheet Credit No Ero Expense Balance Sheet Debit NO E None of the above Retained Earnings Type of Account Appears on Which Financial Statement Normal Balance Is the Account Closed? Equity Balance Sheet Credit Yes Equity Balance Sheet Credit No Equity Income Statement Credit Yes Equity Income Statement Credit None of the above 28 Sales Revenue Type of Account Appears on Which Financial Statement Normal Balance Is the Account Closed? Revenue Balance Sheet Credit Yes Revenue Balance Sheet Credit No Revenue Income Statement Credit Yes Revenue Income State Credit No E None of the above 1000 951011 28 Supplies Type of Account Appears on Which Financial Statement Normal Balance Is the Account Closed? Asset Balance Sheet Debit No Asset Balance Sheet Credit No Asset Balance Sheet Debit Yes Asset Balance Sheet Credit Yes E None of the above Supplies Expense Type of Account Appears on Which Financial Statement Normal Balance Is the Account Closed? Expense Income Statement Credit Yes Expense Income Statement Credit NO Expense Income Statement Debit Yes Expense Income Statement Debit No E None of above Unearned Revenue Type of Account Appears on Which Financial Statement Normal Balance Is the Account Closed? Liability Balance Sheet Credit Yes Revenue Income Statement Credit Yes Revenue Income Statement Credit Liability Balance Sheet Credit E None of the above MAR 28 Wages Expense Type of Account Appears on Which Financial Statement Normal Balance Is the Account Closed? Expense Income Statement Credit Yes Expense Income Statement Credit No Expense Income Statement Debit Yes Expense Income Statement Debit E None of the above MAR 28 Wages Payable Type of Account Appears on Which Financial Statement Normal Balance Is the Account Closed? Liability Balance Sheet Debit No Liability Balance Sheet Credit Yes Expense Income Statement Debit Yes Expense Income Statement Debit No E None of the above

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