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

question 17

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).
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Definitions:

Hydrozoans

A diverse group of mostly marine animals from the class Hydrozoa, which includes both solitary and colonial species like the Portuguese man-of-war.

Poriferans

A phylum of aquatic invertebrate animals known as sponges, characterized by their porous bodies and lack of organized tissues and organs.

Suspension Feeders

Organisms that feed by filtering suspended particles and small organisms from water.

Autotrophs

Organisms that can produce their own food from inorganic substances using light (photoautotrophs) or chemical energy (chemoautotrophs).