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:

Revenues

The total amount of money earned by a business from its normal business activities, before any expenses are subtracted.