16. Salaries payable a) Debit b) Credit 17. Salary expense a) Debit b) Credit Question 3 For each of the following accounts, signify which financial statement would contain the account balance. If the account is contained on more than one financial statement, be sure each financial statement is listed in your selection. 1. Accounts receivable a) Both balance sheet and statement of owner's equity b) Balance sheet c) Both balance sheet and income statement d) Income statement c Statement of owner's equity 2. Notes payable a) Both balance sheet and statement of owner's equity b) Balance sheet c) Both balance sheet and income statement d) Income statement e) Statement of owner's equity