Question

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. Accounts Payable

Answer 1

Answer:

1. Accounts Payable BALANCE SHEET under liabilities

2. Depreciation Expense-Equipment  INCOME STATEMENT under expenses

3. Gary VD, Capital  BALANCE SHEET under owner's equity and/or STATEMENT OF OWNER'S EQUITY depending on the total number of owners of the company

4. Office Equipment  BALANCE SHEET under assets

5. Rent Revenue  INCOME STATEMENT under revenue

6. Supplies Expense  INCOME STATEMENT under expenses

7. Unearned Revenue  BALANCE SHEET under liabilities

8. Wages Payable  BALANCE SHEET under liabilities