Indicate the financial statement on which each of the following items appears: income statement, statement of owner's equity, or balance sheet. a. Store Equipment b. Store Supplies c. Supplies d. Supplies Expense e. Taxes Expense f. Taxes Payable g. Trucks h. Unearned Revenue i. Unearned Subscription Revenue j. Unearned Ticket Revenue k. Utilities Expense I. Utilities Payable

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
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Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 4EA: Identify the financial statement on which each of the following accounts would appear: the income...
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Indicate the financial statement on which each of the
following items appears: income statement, statement of
owner's equity, or balance sheet.
a. Store Equipment
b. Store Supplies
c. Supplies
d. Supplies Expense
e. Taxes Expense
f. Taxes Payable
g. Trucks
h. Unearned Revenue
i. Unearned Subscription Revenue
j. Unearned Ticket Revenue
k. Utilities Expense
I. Utilities Payable
Transcribed Image Text:Indicate the financial statement on which each of the following items appears: income statement, statement of owner's equity, or balance sheet. a. Store Equipment b. Store Supplies c. Supplies d. Supplies Expense e. Taxes Expense f. Taxes Payable g. Trucks h. Unearned Revenue i. Unearned Subscription Revenue j. Unearned Ticket Revenue k. Utilities Expense I. Utilities Payable
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In income statement we should record all Incomes (credited to income statement) and all expenses (To be debited )

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