Indicate the financial statement on which each of the following items appears. Use I for income statement,

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Indicate the financial statement on which each of the following items appears. Use I for income statement, E for statement of retained earnings, and B for balance sheet.
a. Rental Revenue
b. Insurance Expense
c. Services Revenue
d. Interest Payable
e. Accounts Receivable
f. Salaries Expense
g. Equipment
h. Prepaid Insurance
i. Buildings
j. Interest Revenue
k. Dividends
l. Office Supplies

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
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Managerial Accounting

ISBN: 978-0073379586

2010 Edition

Authors: John J. Wild, Ken W. Shaw

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