i. Owner Withdrawals j. Office Supplies k. Interest Expense I. Insurance Expense a. Services Revenue b. Interest Payable c. Accounts Receivable e. Equipment f. Prepaid Insurance g. Buildings h. Rental Revenue d. Salaries Expense

i. Owner Withdrawals j. Office Supplies k. Interest Expense I. Insurance Expense a. Services Revenue b. Interest Payable c. Accounts Receivable e. Equipment f. Prepaid Insurance g. Buildings h. Rental Revenue d. Salaries Expense

Name: Indicate the financial statement on which each of the following items
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: Indicate the financial statement on which each of the following items appears. Use I for income statement, E for statement of owner’s equity, and B for balance sheet. i. Owner Withdrawalsj. Office Suppliesk. Interest ExpenseI. Insurance Expensea. Ser

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter5: Completing The Accounting Cycle

Section: Chapter Questions

Problem 2MC: Which of the following accounts is considered a permanent or real account? A. Interest Revenue B....

See similar textbooks

Similar questions

Label each of the following accounts as asset (A), liability (L), owners equity (OE), revenue (R), or expense (E). a. Office Supplies b. Professional Fees c. Prepaid Insurance d. R. Baker, Drawing e. Accounts Payable f. Service Income g. R. Baker, Capital h. Rent Expense i. Accounts Receivable j. Wages Expense
Label each of the following accounts as asset (A), liability (L), owners equity (OE), revenue (R), or expense (E). a. Supplies b. Professional Fees c. Prepaid Insurance d. M. Jones, Drawing e. Accounts Payable f. Service Income g. M. Jones, Capital h. Office Equipment i. Accounts Receivable j. Salary Expense
A common example of an asset is (a) Professional Fees. (b) Rent Expense. (c) Accounts Receivable. (d) Accounts Payable.
What type of account is prepaid insurance? A. Stockholders Equity B. Expense C. Liability D. Asset
Which of the following accounts is considered a permanent or real account? A. Interest Revenue B. Prepaid Insurance C. Insurance Expense D. Supplies Expense
List the classification of each of the following accounts as A (asset), L (liability), OE (owners equity), R (revenue), or E (expense). Write Debit or Credit to indicate the increase side, the decrease side, and the normal balance side.
NORMAL BALANCE OF ACCOUNT Indicate the normal balance (debit or credit) for each of the following accounts: 1. Cash 2. Rent Expense 3. Notes Payable 4. Owners Drawing 5. Accounts Receivable 6. Owners Capital 7. Tools
Consider the following accounts and determine if the account is an asset (A), a liability (L), or equity (E). A. Accounts Receivable B. Sales Revenue C. Land D. Unearned Revenue
FINANCIAL STATEMENT ACCOUNTS Label each of the following accounts as an asset (A), liability (L), owners equity (OE), revenue (R), or expense (E). Indicate the financial statement on which the account belongsincome statement (IS), statement of owners equity (SOE), or balance sheet (BS)in a format similar to the following.
FINANCIAL STATEMENT ACCOUNTS Label each of the following accounts as an asset (A), liability (L), owners equity (OE), revenue (R), or expense (E). Indicate the financial statement on which the account belongsincome statement (IS), statement of owners equity (SOE), or balance sheet (BS)in a format similar to the following.
Classify each of the accounts listed below as assets (A), liabilities (L), owners equity (OE), revenue (R), or expenses (E). Indicate the normal debit or credit balance of each account. Indicate whether each account will appear in the Income Statement columns (IS) or the Balance Sheet columns (BS) of the work sheet. Item 0 is given as an example.
Classify each of the accounts listed below as assets (A), liabilities (L), owners equity (OE), revenue (R), or expenses (E). Indicate the normal debit or credit balance of each account. Indicate whether each account will appear in the Income Statement columns (IS) or the Balance Sheet columns (BS) of the work sheet. Item 0 is given as an example.