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 (work sheet). Indicate whether each balance should be extended to
(a) An Income Statement column
(b) A column.
1. Supplies Expense
2. Unearned Service Revenue
3. Accounts Payable
4. Rent Revenue
5. Wages Payable
6. Office Equipment
7. Depreciation Expense-Equipment
8. Brandi Gowdy, 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...