Indicate whether the following items would appear on the income statement (IS), balance sheet (BS), or owners equity statement (OE). _______(a) Notes payable _______(d) Cash _______(b) Advertising expense _______(e) Service revenue _______(c) Trent Buchanan, Capital
Chapter 1, Brief Exercises #11
Indicate whether the following items would appear on the income statement (IS), balance sheet (BS), or owner’s equity statement (OE).
_______(a) Notes payable _______(d) Cash
_______(b) Advertising expense _______(e) Service revenue
_______(c) Trent Buchanan, Capital
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...
_______(a) Notes payable _______(d) Cash
_______(b) Advertising expense _______(e) Service revenue
_______(c) Trent Buchanan, Capital
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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Related Book For 
Accounting Principles
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
ISBN: 9781118566671