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For each of the following accounts, signify which financial statement would contain the account balance. 1 Accounts recievable Multiple Choice Answer Options: 2 Credit card
For each of the following accounts, signify which financial statement would contain the account balance. | ||||
1 | Accounts recievable | Multiple Choice Answer Options: | ||
2 | Credit card expense | a. Income statement | ||
3 | bad debt expense | b. balance sheet | ||
4 | allowance for doubtful debts | c. statement of owner's equity | ||
5 | Notes receivable (due in 180 days) | |||
6 | interest revenue | |||
7 | depreciation expense | |||
8 | building | |||
9 | equipment | |||
10 | accumulated depreciation | |||
11 | Loss of disposal of equipment | |||
12 | Gain on disposal of equipment | |||
13 | Sales revenue | |||
14 | Patent | |||
15 | Copyright | |||
16 | Amortization expense | |||
17 | estimated warranty liability (3 year warranty) | |||
18 | social security taxes payable | |||
19 | notes payable (due in 180 days) |
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