The balances for the accounts listed below appear in the trial balance of Bubbles, Inc. Identify whether each balance would appear on the Income Statement (IS), the Balance Sheet (BS)or the Statement of Owner's Equity (OE), by entering the appropriate letters in the spaces below. (There is only one correct answer for each)
(1) Salaries Expense______$\quad$$\quad$$\quad$(6) T. Bubbles, Drawing______
(2) Fees Income______$\quad$$\quad$$\quad$$\quad$$\quad$(7) Prepaid Rent______
(3) Accounts Receivable______$\quad$$\quad$(8) Cash______
(4) Utilities Expense______$\quad$$\quad$$\quad$(9) Omice Supplies______
(5) Accounts Payable______$\quad$$\quad$$\quad$(10) Equipment______

Question

The balances for the accounts listed below appear in the trial balance of Bubbles, Inc. Identify whether each balance would appear on the Income Statement (IS), the Balance Sheet (BS)or the Statement of Owner's Equity (OE), by entering the appropriate letters in the spaces below. (There is only one correct answer for each)
 (1) Salaries Expense______$\quad$$\quad$$\quad$(6) T. Bubbles, Drawing______
(2) Fees Income______$\quad$$\quad$$\quad$$\quad$$\quad$(7) Prepaid Rent______
(3) Accounts Receivable______$\quad$$\quad$(8) Cash______
(4) Utilities Expense______$\quad$$\quad$$\quad$(9) Omice Supplies______
(5) Accounts Payable______$\quad$$\quad$$\quad$(10) Equipment______

Quizplus · Accepted Answer

The Answer of The balances for the accounts listed below appear in the trial balance of Bubbles, Inc. Identify whether each balance would appear on the Income Statement (IS), the Balance Sheet (BS)or the Statement of Owner's Equity (OE), by entering the appropriate letters in the spaces below. (There is only one correct answer for each)
 (1) Salaries Expense______$\quad$$\quad$$\quad$(6) T. Bubbles, Drawing______
(2) Fees Income______$\quad$$\quad$$\quad$$\quad$$\quad$(7) Prepaid Rent______
(3) Accounts Receivable______$\quad$$\quad$(8) Cash______
(4) Utilities Expense______$\quad$$\quad$$\quad$(9) Omice Supplies______
(5) Accounts Payable______$\quad$$\quad$$\quad$(10) Equipment______

The Balances for the Accounts Listed Below Appear in the Trial