Indicate whether the following items would appear on the income statement (IS), statement of owners equity (OE), or balance sheet (BS) a Tutoring Fees Earned b Office Equipment c Accounts Receivable d Office Supplies e Legal Fees Earned f Advertising Expenses g J Earl, Capital (Beg) h Accounts Paya...

Indicate whether the following items would appear on the income statement (IS), statement of owners equity (OE),

Question:

Indicate whether the following items would appear on the income statement (IS), statement of owner’s equity (OE), or (BS).
a. ______ Tutoring Fees Earned
b. ______ Office Equipment
c. ______ Accounts Receivable
d. ______ Office Supplies
e. ______ Legal Fees Earned
f. ______ Advertising Expenses
g. ______ J. Earl, Capital (Beg)
h. ______ Accounts Payable

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...