For each of the following accounts, indicate whether the account is shown in the income statement or the balance sheet:Accounts                                            Financial Statement 1. Accounts Receivable                       ___________________2. Deferred Revenue                           ___________________3. Supplies Expense                            ___________________4. Salaries Payable                              ___________________5. Depreciation Expense                     ___________________6. Service Revenue                             ___________________

College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter9: Sales And Purchases
Section: Chapter Questions
Problem 3QY: Using the information contained in the accounts receivable ledger, the accountant can prepare...
icon
Related questions
Question

For each of the following accounts, indicate whether the account is shown in the income statement or the balance sheet:

Accounts                                            Financial Statement
1. Accounts Receivable                       ___________________
2. Deferred Revenue                           ___________________
3. Supplies Expense                            ___________________
4. Salaries Payable                              ___________________
5. Depreciation Expense                     ___________________
6. Service Revenue                             ___________________

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Double entry bookkeeping system
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
Auditing: A Risk Based-Approach (MindTap Course L…
Auditing: A Risk Based-Approach (MindTap Course L…
Accounting
ISBN:
9781337619455
Author:
Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:
Cengage Learning