The following accounts appear in an adjusted trial balance of Pilot Consulting. Indicate whether each account would

Question:

The following accounts appear in an adjusted trial balance of Pilot Consulting. Indicate whether each account would be reported in the
(a) Current asset:
(b) Property, plant, and equipment;
(c) Current liability;
(d) Long-term liability; or
(e) Stockholders’ equity section of the December 31, 2011, of F-18 Consulting.
1.
2.
3. Accumulated Depreciation-Building
4. Capital Stock
5. Cash
6. Note Payable (due in 2018)
7. Supplies
8. Wages Payable

Accounts Payable
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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... 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...