Determine on which financial statement each account listed below is reported. Use the following abbreviations: Income Statement

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Determine on which financial statement each account listed below is reported. Use the following abbreviations: Income Statement (IS), Statement of Owner’s Equity (OE), and Balance Sheet (BS).
a. S. Beagle, Capital
b. Cash
c. Miscellaneous Expense
d. Accumulated Depreciation, Equipment
e. Wages Payable
f. S. Beagle, Drawing
g. Equipment
h. Supplies
i. Depreciation Expense
j. Supplies Expense
k. Service Fees
l. Accounts Receivable

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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College Accounting

ISBN: 978-1111528126

11th edition

Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille

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