determine under which major column headings each of the following items would appear 625878

Aug 30, 2021 | Uncategorized

Three of the major column headings on a work sheet are Trial Balance, Income

Statement, and Balance Sheet. Determine under which major column headings each of the following items would appear and whether it would be a debit or credit. (For example, Cash would appear on the debit side of the Trial Balance and Balance Sheet columns.)

 

Account Titles

Trial Balance Debit

Credit

Income
Statement
Debit

Credit

Statement of
Retained
Earnings Debit

Credit

Balance
Sheet
Debit

Credit

a.

Accounts Receivable

                

b.

Accounts Payable

                

c.

Interest Revenue

                

d.

Advertising Expense

                

e.

Capital Stock

                

f.

Retained Earnings (Beg.)

                

g.

Net income for the month

                

h.

Retained Earnings (End)