Question

QS 2-9 Classifying accounts in financial statements p3 

Indicate the financial statement on which each of the following items appears. Use I for income statement, E for statement of owner's equity, and B for balance sheet. 

a. Services Revenue 

b. Interest Payable 

c. Accounts Receivable 

d. Salaries Expense 

e. Equipment 

f. Prepaid Insurance 

g. Buildings 

h. Rental Revenue 

i. Owner Withdrawals 

j. Office Supplies 

k. Interest Expense 

i. Insurance Expense

Answer 1

a. Services Revenue I

b Interest Payable I

c Accounts Receivable B

d Salaries Expenses I

e Equipment B

f Prepaid Insurance B

g Buildings B

h Rental Revenue I

i Owner Withdrawal   E

j Office Supplies I

k Interest Expense I

l Insurance Expense I