help please! i do have some of the answers, but need help with the rest t.i.a!

Anonymous
timer Asked: Nov 13th, 2016

Question description

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, in Column 3 the financial statement that the account in which the account balance is reported, and in Column 4 the account’s nature (temporary/permanent).



(1) INTEREST PAYABLE

column1      column2      column3                column4

liabilities                           balance sheet       

(2)INTEREST RECEIVABLE

column1      column2      column3      column4

income          

(3)DISCOUNT ON NOTES PAYABLE

column1      column2      column3               column4

expense                          balance sheet       temporary

(4)STORE EQUIPMENT

column1      column2      column3               column4

asset                                balance sheet

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