The balances for the accounts listed below appeared in the Adjusted Trial Balance columns of the work sheet. Indicate whether each balance should flow to
(a) the income statement,
(b) the statement of owner's equity, or
(c) the balance sheet.

Question

The balances for the accounts listed below appeared in the Adjusted Trial Balance columns of the work sheet. Indicate whether each balance should flow to 
(a) the income statement, 
(b) the statement of owner's equity, or 
(c) the balance sheet.

Quizplus · Accepted Answer

The Answer of The balances for the accounts listed below appeared in the Adjusted Trial Balance columns of the work sheet. Indicate whether each balance should flow to 
(a) the income statement, 
(b) the statement of owner's equity, or 
(c) the balance sheet.

The Balances for the Accounts Listed Below Appeared in the Adjusted