The balances for the accounts listed below appear in the Adjusted Trial Balance columns of the work
Question:
(a) An Income Statement column
(b) A Balance Sheet column.
1. Accounts Payable
2. Accounts Receivable
3. Fees Earned
4. Kathy Chang, Drawing
5. Kathy Chang, Capital
6. Supplies
7. Unearned Fees
8. Utilities Expense
9. Wages Expense
10. Wages Payable
Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive... Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Related Book For
Accounting
ISBN: 978-0324188004
21st Edition
Authors: Carl s. warren, James m. reeve, Philip e. fess
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