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The Following Accounts Appear on Either the Income Statement (IS)or

Question 130

Short Answer

The following accounts appear on either the Income Statement (IS)or Balance Sheet
(BS).In the space provided next to each account write the letters,IS or BS,that identify the
statement on which the account appears.
____ 1.Office Equipment
____ 2.Rent Expense
____ 3.Unearned Fees Revenues
____ 4.Rent Expense
____ 5.Accounts Payable
____ 6.Owner,Capital
____ 7.Fees Revenue
____ 8.Cash
____ 9.Notes Receivable
____ 10.Wages Payable

Correct Answer:

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1.BS; 2.IS; 3.BS; 4....

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