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The Balances for the Accounts Listed Below Appear in the Trial

Question 116

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The balances for the accounts listed below appear in the trial balance of Bubbles, Inc. Identify whether each balance would appear on:
( Note: There is only one correct answer for each)

Premises:
Salaries Expense
Fees Income
Accounts Receivable
Utilities Expense
Accounts Payable
T. Bubbles, Drawing
Prepaid Rent
Cash
Office Supplies
Equipment
Responses:
the Income Statement
the Balance Sheet
the Statement of Owner's Equity

Correct Answer:

Salaries Expense
Fees Income
Accounts Receivable
Utilities Expense
Accounts Payable
T. Bubbles, Drawing
Prepaid Rent
Cash
Office Supplies
Equipment
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