balance sheet columns indicate with an x whether each account total should be extend 507586

Balance sheet columns indicate with an “X” whether each account total should be extended to the income statement to the income statement debit or credit or to the balance sheet debit or credit columns on the work sheet.

Income Statement

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Balance Sheet

Cash

Debit

Credit

Debit

Credit

Accounts Receivable

Supplies

Prepaid Insurance

Delivery Equipment

Accum. Dept. Delivery Equipment

Accounts Payable

Wages payable

Owner, capital

Owner, drawing

Delivery fees

Wages expense

Rent expense

Supplies expense

Insurance expense

Depr. Exp. Delivery Equipment

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