Classify each of the following accounts as to whether they would appear on a balance sheet (BS) or income statement (IS).
___Accounts Payable
___Accounts Receivable
___Accumulated Depreciation, Equipment
___Advertising Expense
___Cash
___Depreciation Expense, Equipment
___Equipment
___Income from Tours
___Insurance Expense
___Owner, Capital
___Frepaid Insurance
___Rent Expense
___Supplies
___Utilities Expense
___Wages Expense
___Wages Payable

Question

Classify each of the following accounts as to whether they would appear on a balance sheet (BS) or income statement (IS).
 ___Accounts Payable
___Accounts Receivable
___Accumulated Depreciation, Equipment
___Advertising Expense
___Cash
___Depreciation Expense, Equipment
___Equipment
___Income from Tours
___Insurance Expense
___Owner, Capital
___Frepaid Insurance
___Rent Expense
___Supplies
___Utilities Expense
___Wages Expense
___Wages Payable

Quizplus · Accepted Answer

The Answer of Classify each of the following accounts as to whether they would appear on a balance sheet (BS) or income statement (IS).
 ___Accounts Payable
___Accounts Receivable
___Accumulated Depreciation, Equipment
___Advertising Expense
___Cash
___Depreciation Expense, Equipment
___Equipment
___Income from Tours
___Insurance Expense
___Owner, Capital
___Frepaid Insurance
___Rent Expense
___Supplies
___Utilities Expense
___Wages Expense
___Wages Payable

Classify Each of the Following Accounts as to Whether They