Below are some items found in the financial statements of Stefan Knower, MD. Indicate (a) whether each of the following items is an asset (A), liability (L), or part of owner's equity (OE); and (b) which financial statement-income statement (IS), statement of owner's equity (OE), or balance sheet (BS)-it would be reported on. The first one has been done for you as an example.

Transcribed Image Text:

1. Accounts receivable 2. Salaries payable 3. Salaries expense 4. Supplies 5. Supplies expense 6. S. Knoler, capital 7. Service revenue BS quipment 9. Notes payable 10. Cash 11. Prepaid expense 12. S. Knoler, drawings