The balance sheet contains the major sections (a-k)listed below.A listing of balance sheet accounts (1-12)follows.
Required:
Using the letters (a-k), indicate in which section of the balance sheet each of the accounts (1-12)would be classified.Put parentheses around the letter used if it represents a contra account.If the account does not appear on the balance sheet, place an "X" in the space provided.

Question

The balance sheet contains the major sections (a-k)listed below.A listing of balance sheet accounts (1-12)follows.
   Required:
Using the letters (a-k), indicate in which section of the balance sheet each of the accounts (1-12)would be classified.Put parentheses around the letter used if it represents a contra account.If the account does not appear on the balance sheet, place an "X" in the space provided.

Quizplus · Accepted Answer

The Answer of The balance sheet contains the major sections (a-k)listed below.A listing of balance sheet accounts (1-12)follows.
   Required:
Using the letters (a-k), indicate in which section of the balance sheet each of the accounts (1-12)would be classified.Put parentheses around the letter used if it represents a contra account.If the account does not appear on the balance sheet, place an "X" in the space provided.

The Balance Sheet Contains the Major Sections (A-K)listed Below