The balances for the accounts listed below appear in the Adjusted Trial Balance columns of the end-of-period
Question:
The balances for the accounts listed below appear in the Adjusted Trial Balance columns of the end-of-period spreadsheet. Indicate whether each account would flow into the income statement, retained earnings statement, or balance sheet.
1. Accounts Payable
2. Accounts Receivable
3. Cash
4. Dividends
5. Fees Earned
6. Supplies
7. Unearned Rent
8. Wages Expense
10. Wages Payable
Step by Step Answer:
a Income statement 8 Wages Expense 5 Fees Earn...View the full answer
Financial and Managerial Accounting
ISBN: 978-0538480895
11th Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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