Match the account to which financial statement it would appear.
( not sure if my answers are correct)
Homework Answers
Correct Answer:
All your answers are correct.
Note: Assets and liability will be recorded in balance sheet, Revenue and expenses will be recorded in Income statement and Drawings will be recorded in statements of owner’s equity.
|
Advertising Expense |
Income Statement |
|
Account receivable |
Balance sheet |
|
Equipment |
Balance sheet |
|
telephone expense |
Income Statement |
|
Accounts payable |
Balance sheet |
|
Cash |
Balance sheet |
|
Decorating services income |
Income Statement |
|
K. Zhao, Drawing |
Statement of Owner's Equity |
|
Supplies |
Balance sheet |
|
Rent Expense |
Income Statement |
End of Answer.
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Match the account to which financial statement it would
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( not sure if my answers...
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