Match the best answer to each statement. Equipment belongs on the Choose. Income Summary belongs on the Choose. Owner Capital belongs on the Statement of Owners Equity and the Choose. Cash belongs on the Choose. Utilities Expense belongs on the Choose.

Match the best answer to each statement. Equipment belongs on the Choose. Income Summary belongs on the Choose. Owner Capital belongs on the Statement of Owners Equity and the Choose. Cash belongs on the Choose. Utilities Expense belongs on the Choose.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter2: Introduction To Financial Statements

Section: Chapter Questions

Problem 16MC: Which financial statement shows the financial position of the company? A. balance sheet B. statement...

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Question

Income statment
Balance sheet
No statment

Match the best answer to each statement.
Equipment belongs on the
Choose.
Income Summary belongs on the
Choose.
Owner Capital belongs on the
Statement of Owners Equity and the
Choose.
Cash belongs on the
Choose.
Utilities Expense belongs on the
Choose.

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