For Each of the Following, Identify in Column 1 the Balance

question 110

Essay

For each of the following, identify in Column 1 the balance the account will have in the adjusted trial balance columns (debit or credit), in Column 2 the financial statement column(s) in which the account balance will be found (income statement or balance sheet), and in Column 3 the effect the account will have on the determination of net income (increase, decrease, or none).
- $$\begin{array} { | l | l | l | l | } \hline & \text { Column } 1 & \text { Column } 2 & \text { Column } 3 \\\hline \text { Salaries payable } & & & \\\hline\end{array}$$

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Definitions:

Washington

The capital city of the United States, named after George Washington, and serving as the seat of the federal government.

Office

A room or set of rooms used for work, especially clerical or professional work, often within a larger organization or business structure.

Macon's Bill No. 2

A law enacted by the United States Congress in 1810, aiming to motivate Great Britain and France to stop their restrictions against U.S. shipping during the Napoleonic Wars by offering to resume trade with whichever nation lifted its restrictions first.