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:
Anion
A negatively charged ion, attracted to the anode during electrolysis, typically formed by the gain of electrons.
Anion
A negatively charged ion, which is formed when an atom gains one or more electrons.
KCN
Potassium cyanide, a highly toxic compound that can release cyanide ions in solution, used in various industrial processes and, historically, in gold mining.
CN-
The cyanide ion, a negatively charged molecule consisting of one carbon and one nitrogen atom, known for its high toxicity.
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