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The following accounts appear in an adjusted trial balance of San Jose Consulting. Indicate whether each account would be reported in the (a) current asset; (b) property, plant, and equipment; (c) current liability; (d) long-term liability; or (e) owner’s equity section of the December 31, 2015, balance sheet of San Jose Consulting. 1. Building 2. Nata Foust, Capital 3. Notes Payable (due in five years) 4. Prepaid Rent 5. Salaries Payable 6. Supplies 7. Taxes Payable 8. Unearned Service Fees

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Financial Accounting

14th Edition
Carl Warren + 2 others
Publisher: Cengage Learning
ISBN: 9781305088436
BuyFind

Financial Accounting

14th Edition
Carl Warren + 2 others
Publisher: Cengage Learning
ISBN: 9781305088436

Solutions

Chapter
Section
Chapter 4, Problem 3PEA
Textbook Problem

The following accounts appear in an adjusted trial balance of San Jose Consulting. Indicate whether each account would be reported in the (a) current asset; (b) property, plant, and equipment; (c) current liability; (d) long-term liability; or (e) owner’s equity section of the December 31, 2015, balance sheet of San Jose Consulting.

  1. 1. Building
  2. 2. Nata Foust, Capital
  3. 3. Notes Payable (due in five years)
  4. 4. Prepaid Rent
  5. 5. Salaries Payable
  6. 6. Supplies
  7. 7. Taxes Payable
  8. 8. Unearned Service Fees

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Chapter 4 Solutions

Financial Accounting
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