The balances for the accounts listed below appeared in the Adjusted Trial Balance columns of the work sheet. Indicate whether each balance should be extended to (a) the Income Statement columns or (b) the Balance Sheet columns.

(1) Salaries Payable _____ (7) Kim Lee, Drawing ____

(2) Fees Earned ______ (8) Equipment ____

(3) Accounts Payable _____ (9) Accounts Receivable ____

(4) Kim Lee, Capital ______ (10) Accumulated Depreciation ____

(5) Supplies Expense _____ (11) Salary Expense ____

(6) Unearned Rent ______ (12) Depreciation Expense ____

Indicate whether each of the following would be reported in the financial statements as a(n) (a) current asset, (b) current liability, (c) revenue, or (d) expense:

(1) Supplies _____ (5) Supplies Expense ____

(2) Unearned Fees _____ (6) Prepaid Insurance ____

(3) Prepaid Advertising _____ (7) Accounts Payable ____

(4) Advertising Expense _____ (8) Fees Earned ____