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Indicate the financial statement on which each of the following items appears. Use I for income statement, E for statement of retained earnings, and B
Indicate the financial statement on which each of the following items appears. Use I for income statement, E for statement of retained earnings, and B for balance sheet. Note Receivable b. Office Equipment c. Office Supplies d. Dividends e. Postage Expense f. Prepaid Insurance g. Prepaid Rent h. Prepaid Service Fees Rent Expense j. Rental Revenue k. Repairs Expense 1 Salaries Expense Identify the normal balance (debit or credit) for each of the following accounts. Normal Ending Balance a. Fuel Expense b. Furniture Rent Revenue Postage Expense e Office Equipment f. Building g. Accounts Receivable h. Salaries Expense i. Salaries Payable
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