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 Supplies on Hand e Legal Fees Earned f Advertising Expense g J Earl, Capital (Beginning) h Account...

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. ______ ______ Supplies on Hand
e. ______ Legal Fees Earned
f. ______ Advertising Expense
g. ______ J. Earl, Capital (Beginning)
h. ______ Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive... Accounts Receivable
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...