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What trends/patters are in the accounts below? How does this chart help in the preparation...

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Accounting

What trends/patters are in the accounts below?

How does this chart help in the preparation of financial statements?

image

Types of accounts - A-asset, L iability, OE-owner's equity, R-revenue, E-expense TYPE NORMAL BALANCE (DR. OR CR.) CR DR CR OE ACCOUNT NAME Accounts Payable Accounts Receivable Accrued Liabilities Advertising Expense Building Contributed Capital Cash Furniture Interest Expense Interest Payable Interest Revenue Land Notes Payable Notes Receivable Prepaid Insurance Prepaid Rent Rent Expense Rent Revenue Retained Earnings Salary Expense Salary Payable Service Revenue Supplies Utilities Expense DEBIT OR CREDIT INCREASES CREDIT DEBIT CREDIT DEBIT DEBIT CREDIT DEBIT DEBIT DEBIT CREDIT CREDIT DEBIT CREDIT DEBIT DEBIT DEBIT DEBIT CREDIT CREDIT DEBIT CREDIT CREDIT DEBIT DEBIT FINANCIAL STATEMENT Balnce Sheet Balance Sheet Balance Sheet Balance Sheet Balance Sheet Balance Sheet Balance Sheet Balance Sheet Income Statement Balance Sheet Income Statement Balance Sheet Balance Sheet Balance Sheet Balance Sheet Balance Sheet Income Statement Income Statement Balance Sheet Income Statement Balance Sheet Income Statement Balance Sheet Income Statement DR IE

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