ANSWER- INCOME STATEMENT
Asset,Liability and Owners Equity are appear in Work sheet , balance sheet and trail balance but not on income statement
income statement contains all incomes and expences only
The asset, liability, and owner's capital accounts appear on all of the following except the: 10...
Which of the following accounts will appear on the post-closing trial balance? Multiple Choice The owner's drawing account Fees Income The owner's capital account Rent Expense
i need help with this question
A post-closing trial balance could include all of the following accounts except the: Multiple Choice Accounts Receivable account. owner's capital account. Fees Income account. Cash account. < Prevw e to search
1) A worksheet is a: A) formal document shown with a company's annual report. B) formal document required by the Canada Revenue Agency. C) formal document required by creditors. D) multicolumn document used by accountants to aid in the preparation of the financial statements. 2) All of the following are listed on a worksheet except: A) a debit and credit column for a statement of owner's equity. B) a debit and credit column for an income statement. C) a debit...
For the accounts listed below, identify the type of account (asset, liability, owner’s capital, owner’s drawing, revenue, or expense), the normal balance (debit or credit), and which financial statement you would find the account on (income statement, owner’s equity statement, or balance sheet). Type of Account Normal Balance Financial Statement A Cash B Accounts Payable C Rent Expense D Accumulated Depreciation E Interest Revenue F Notes Payable G Advertising Expense H Owner's Drawings I Equipment J Owner's Capital K Sales...
1. Classified Balance Sheet The following accounts appear in an adjusted trial balance of Waterloo Consulting. Indicate whether each account would be reported in the current asset; property, plant, and equipment; current liability; long-term liability; or owner's equity section of the December 31, 2018, balance sheet of Waterloo Consulting. 1. Building 2. Cindy Sue Delaney, Capital 3. Notes Payable (due in five years) 4. Prepaid Rent 5. Salaries Payable 6. Supplies 7. Taxes Payable 8. Unearned Service Fees Options are:...
a) Prepare Closing entries
b) Post adjusting and closing entries (just need help
with owner's capital & Income Summary)
c) Prepare a post-closing trial balance
d) Determine whether the subsidiary ledgers agree with
the control accounts in the general ledger
Prepare a trial balance at January 31, 2020, in the trial balance columns of the worksheet. Complete the worksheet using the following additional information. 1. Office supplies at January 31 total $900. 2. Insurance coverage expires on October 31, 2020....
Which types of accounts will appear in the post-closing trial balance? Permanent accounts. O Temporary accounts. O Accounts shown in the income statement columns of a work sheet. O None of these.
Question 10 (1 point) Saved Which type of accounts will not appear in the post-closing trial balance? Page 2 1) Asset accounts Page 3 2) Permanent accounts 3) Liability accounts 4) Temporary accounts Previous Page Page 10 of 10 Page 5 9 of 10 questions saved Page 1
Indicate whether each of the following represents an asset, liability, or owner's equity. Accounts Payable; Wages Earned; Capital; Accounts Receivable; Owners Withdrawal; Land?
Identify each of the following accounts as a revenue, expense, asset, liability, or equity by placing initials (R, Exp. A, L or Eq) in the blanks. Place your answers on the data sheet. (1) Owner, capital (2) Accounts Receivable (3) Owner, drawings Sales (5) Service Revenue (6) Rent Expense (7) Equipment (8) Prepaid Insurance (9) Accounts Payable (10) Supplies (11) Cash (12) Unearned Revenue The following accounts appear on either the Income Statement (IS) or Balance Sheet (BS). In the...