Home / Questions / For each of the following identify - in column 1 the category to which the account belongs
For each of the following identify - in column 1 the category to which the account belongs, in column 2 the normal balance for the account, and in column 3 the financial statement on which the account balance is reported.
Column 1Column 2Column 3
88) Sales____________________________________
89) Professional Fees Earned____________________________________
90) Sales Returns and Allowances____________________________________
91) Cleaning Expense____________________________________
92) Sales Discounts____________________________________
93) Store Rent Expense____________________________________
94) Owner's Capital____________________________________
95) Store Supplies____________________________________
96) Define and compare the accounts receivable subsidiary ledger with the controlling account, Accounts Receivable.
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