These 16 accounts are from the Adjusted Trial Balance columns of a company’s 10-column work sheet. In the blank space beside each account, write the letter of the appropriate financial

These 16 accounts are from the Adjusted Trial Balance columns of a company’s 10-column work sheet. In the blank space beside each account, write the letter of the appropriate financial statement column (A, B, C, or D) to which a normal account balance is extended.
A. Debit column for the Income Statement columns.
B. Credit column for the Income Statement columns.
C. Debit column for the Balance Sheet and Statement of Owner’s Equity columns.
D. Credit column for the Balance Sheet and Statement of Owner’s Equity columns.
________ 1. Interest Revenue
________ 2. Machinery
________ 3. Owner, Withdrawals
________ 4. Depreciation Expense
________ 5. Accounts Payable
________ 6. Service Fees Revenue
________ 7. Owner, Capital
________ 8. Interest Expense
________ 9. Accounts Receivable
________ 10. Accumulated Depreciation
________ 11. Office Supplies
________ 12. Insurance Expense
________ 13. Interest Receivable
________ 14. Cash
________ 15. Rent Expense
________ 16. Wages Payable

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