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Asked Nov 27, 2019
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two questions

From the following list of items taken from Lamar's accounting records, identify those that would appear on the Income Statement with either "Yes" or "No"
Rent expense
(a)
(b)
Land
(c)
Capital
Fees earned
(d)
(e)
Withdrawal
(f)
Wages expense
(g)
Investment
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From the following list of items taken from Lamar's accounting records, identify those that would appear on the Income Statement with either "Yes" or "No" Rent expense (a) (b) Land (c) Capital Fees earned (d) (e) Withdrawal (f) Wages expense (g) Investment

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Identify which of the following items would appear on a balance sheet with either "Yes" or "No".
(a)
Cash
(b) Fees earned
(c)
Joe Brown, capital
(d) Wages payable
Rent expense
(e)
(f) Prepaid advertising
Land
(g)
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Identify which of the following items would appear on a balance sheet with either "Yes" or "No". (a) Cash (b) Fees earned (c) Joe Brown, capital (d) Wages payable Rent expense (e) (f) Prepaid advertising Land (g)

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All accounting transactions can be classified into two categories-capital & revenue in nature. Capital transactions are those whose affect with lst for more than one accounting year like purchase of assets, issuance of bonds etc.All capital transactions appear in Balance Sheet.Revenue transactions are those whose ...

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