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You will normally find Allowance for Doubtful Accounts listed on the balance sheet as an asset account (including as a contra account) on the income

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You will normally find Allowance for Doubtful Accounts listed on the balance sheet as an asset account (including as a contra account) on the income statement on the balance sheet as a liability account on the balance sheet as an equity account o o QUESTION 14 You will normally find Income Tax Expense listed on the balance sheet as an asset account on the income statement on the balance sheet as an equity account on the balance sheet as a liability account a QUESTION 15 You will normally find Accrued Expenses such as Accrued Wages Expense (Wages Payable) listed on the balance sheet as an asset account (including as a contra account) on the income statement on the balance sheet as an equity account on the balance sheet as a liability account QUESTION 16 You will normally find Retained Earnings listed on the balance sheet as a liability account on the balance sheet as an equity account on the income statement a on the balance sheet as an asset account

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