Question
I am having having a difficult time differentiating all of these account names. My head is spinning when all the ac-counts sound the same to
I am having having a difficult time differentiating all of these account names. "My head is spinning when all the ac-counts sound the same to me! Does unearned revenue belong on the income statement or the balance sheet?" could you help me to create a study sheet by categorizing all of the following accounts into a table with the following headings.
Accounts Payable Accounts Receivable Advertising Expense Insurance Expense Owner's Capital, Ending Balance Interest Payable Prepaid Expenses Interest Expense Withdrawals Owner's Capital, Beginning Balance Balance Sheet Assets Prepaid Rent Vehicle Expenses Furniture Salaries Expense Service Revenue Other Expenses Interest Income Cash Telephone Expense Investment by Owner Supplies Wages Expense Fuel Expense Notes Payable Merchandise Inventory Utilities Expense Vehicles Salaries Payable Building Profit/Los, Equipment Maintenance Expense Land Unearned Revenue Rent Revenue Supplies Expense Interest Receivable Rent Expense
Balance Sheet, Income statement, Statement of changes in equity,
Assets, Liabilities, Owner's equity, Revenues, Expenses,
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