Identify the financial statement on which each of the following items would appear: a. Bonds payable b.

Question:

Identify the financial statement on which each of the following items would appear:

a. Bonds payable

b. Rent revenue

c. Owner’s capital, beginning balance

d. Cash

e. Equipment

f. Supplies expense

g. Depreciation expense

h. Service revenue

i. Accounts receivable

j. Accounts payable

k. Owner’s capital, ending balance

l. Rent expense

m. Accumulated depreciation

n. Net income

o. Salaries payable

p. Land

q. Supplies on hand

Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...