Listed are accounts that may appear on either the balance sheet or the income statement. a. Equipment

Question:

Listed are accounts that may appear on either the balance sheet or the income statement.

a. Equipment

b. Fees Earned

c. Retained Earnings

d. Wage Expense

e. Patient

f. Cost of Goods Sold

g. Common Stock

h. Dividend payable

i. Accumulated Depreciation

j. Prepaid Expense

k. Gain on Sale of Short-Term Investments

l. Rent Revenue

m. Supplies Inventory

n. Accounts Receivable

o. Land

p. Insurance Expense

q. Interest Payable

r. Deferred Revenue

For each account, indicate whether a company would ordinarily disclose the account on the balance sheet or the income statement.

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