This exercise will allow you to quickly check your knowledge of how items are extended on a worksheet.

A partial jumbled worksheet for the Piper Wood Investigative Services Corporation appears below. (The accounts are not listed in their usual order, the worksheet is only partially illustrated, and the Trial Balance and Adjustments columns have been omitted.)

Account

Adjusted
Trial Balance

Income
Statement

Balance
Sheet

Debit

Credit

Debit

Credit

Debit

Credit

Salaries and Wages Payable

X

X

Prepaid Insurance

Accumulated Depreciation—Equipment

Unearned Revenue

Rent Expense

Service Revenue

Prepaid Rent

Dividends

Repairs Expense

Utilities Payable

Interest Receivable

Accounts Receivable

Advertising Expense

Depreciation Expense

Land

Equipment

Salaries and Wages Expense

Mortgage Payable

Cash

Net Income

Instructions

For each account, place an “X” in the appropriate Adjusted Trial Balance column pair to indicate whether the account balance will appear in the Debit or Credit column (assume a normal balance in each account) on the worksheet. Also for each account, place an “X” in the appropriate Income Statement or Balance Sheet column to indicate the column to which the balance should be extended. The first one is done for you.