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Which column would each of these account balance be placed in or extended to.

columns offered: (1) income statement debit (2) balance sheet debit (3) income statement credit (4) balance sheet credit.

accounts offered: (1) service revenue (2) unearned service revenue (3) land (4) rent expense (5) supplies expense (6)supplies (7) accumulated depreciation (8) equipment (9)owner's capital (10) owner's withdrawals.

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Solution Summary

The solution explains that when a worksheet is used, the account balances are extended to which columns in the worksheet.

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The columns in which these accounts will be placed depends on whether they relate to the balance sheet or the income statement. In the income statement, revenues will be credit and ...

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