Assuming the adjusted trial balance amount for each account is normal, place an "x" (lower case) to indicate the financial statement column to which each balance should be extended. And "o" (lower case) for the each column the balance should not be extended to.





Income Statement Balance Sheet

Dr. Cr. Dr. Cr.

Accounts Receivable
Prepaid Insurance
Accum. Depreciation
Salaries Payable
Service Revenue
Salaries Expense
Insurance Expense
Depreciation Expense

Accounts Receivable is a Balance Sheet account
Prepaid Insurance is a Balance Sheet account
Accumulated Depreciation is a Balance Sheet account
Salaries Payable is a Balance Sheet account
Service Revenue is an Income Statement account
Salaries Expnes is an Income Statement account
Insurance Expense is an Income Statement account
Depreciation Expense is an Income Statement account

Does it matter if its credited or debited

You should know what accounts have a normal debit or credit b
Balance.

Here is a way to remember what accounts have a normal debit or credit balance:

D Debits
E Expenses
A Assets
D Dividends

C Credits
U Unearned Revenue
R Revenues
L Liabilities
S Shareholders Equity or Owners Capital