The balances for the accounts that follow appear in the Adjusted Trial Balance columns of the end-of-period spreadsheet. Indicate whether each account would flow into the income statement, statement of owner’s equity, or balance sheet.1. Accumulated Depreciation2. Cash3. Fees Earned4. Insurance Expense5. Prepaid Rent6. Supplies7. Tina Greer, Drawing8. Wages Expense

Principles of Accounting Volume 1
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ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter5: Completing The Accounting Cycle
Section: Chapter Questions
Problem 2EB: For each of the following accounts, identify whether it is nominal/temporary or real/permanent, and...
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The balances for the accounts that follow appear in the Adjusted Trial Balance columns of the end-of-period spreadsheet. Indicate whether each account would flow into the income statement, statement of owner’s equity, or balance sheet.
1. Accumulated Depreciation
2. Cash
3. Fees Earned
4. Insurance Expense
5. Prepaid Rent
6. Supplies
7. Tina Greer, Drawing
8. Wages Expense

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