Assume that the last four columns of a worksheet are identified by the numbers 1

ID: 2339332 • Letter: A

Question

Assume that the last four columns of a worksheet are identified by the numbers 1-4, as follows:

1 Income Statement Debit

2 Income Statement Credit

3 Balance Sheet Debit

4 Balance Sheet Credit

Indicate the number of the worksheet column in which the adjusted balances of the following accounts should appear (assume all balances as normal.)

Accounts Receivable ______ Accumulated Depreciation ______

Depreciation Expense ______ Unearned Service Fees ______

Utilities Payable ______ Bolen, Drawing ______

Bolen, Capital ______ Prepaid Advertising ______

Advertising Expense ______ Service Fees ______

Accounts Receivable -> Balance Sheet Debit

Accumulated Depreciation -> Balance Sheet Debit

Depreciation Expense :> Income Statement Debit

Unearned Service Fees :> Balance Sheet Debit

Utilities Payable :> Balance Sheet Credit

Bolen Drawing :> Balance Sheet Debit

Bolen Capital :> Balance Sheet Credit

Prepaid Advertising :> Balance Sheet Debit

Advertising Expense :> Income Statement Debit

Service Fees :> Income Statement Credit

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