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Kate is having a difficult time differentiating all of the account names. My head is spinning when all the accounts sound the same to me!
Kate is having a difficult time differentiating all of the account names. "My head is spinning when all the accounts sound the same to me! Does unearned revenue belong on the income statement or the balance sheet?" Create a study sheet by categorizing all of the accounts given in the dropdown under appropriate headings in the table given below. Some accounts may be used more than once. Owner's Equity Owner's Capital, Ending balance Balance Sheet Liabilities Accounts Payable interest Payable Notes Payable Salaries Payable Unearned Revenue Assets PAccounts Receivable Building Cash Equipment Furniture Vehicles Supplies Prepaid Rent Merchandise Inventory Prepaid Expenses interest Receivable Income Statement Revenue Ex Interest Income Advertising ! Rent Revenue Fuel Expens Service Revenue Insurance E Maintenance Interest Exp Other Exper Supplies Ex Telephone E Rent Expen: Utilities Expo Vehicle Exp
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