Classifying Account Balances For each of the following accounts, indicate whether it would be found in the
Question:
Classifying Account Balances For each of the following accounts, indicate whether it would be found in the income statement or in the balance sheet.
1. Cash 2. Inventory 3. Salaries Expense 4. Prepaid Salaries 5. Retained Earnings 6. Office Supplies Expense 7. Accounts Receivable 8. Cost of Goods Sold 9. Maintenance Expense 10. Interest Receivable 11. Capital Stock 12. Accounts Payable 13. Buildings 14. Mortgage Payable 15. Interest Expense 16. Accounts Payable 17. Notes Receivable 18. Office Supplies 19. Sales Revenue 20. Insurance Expense 21. Machinery 22. Land 23. Salaries Payable 24. Prepaid Insurance 25. Notes Payable 26. Dividends
Step by Step Answer:
Accounting Concepts And Applications
ISBN: 9780324376159
10th Edition
Authors: W. Steve Albrecht, James D. Stice, Earl K. Stice, Monte R. Swain