Which of the following accounts is located on the income statement columns of a work sheet?
A) Merchandise Inventory
B) Sales
C) Wages Payable
D) Unearned Revenues

Question

Quizplus · Accepted Answer

Sales is an income statement account that represents the revenue earned by the business from the sale of goods or services. Merchandise Inventory, Wages Payable, and Unearned Revenues are all balance sheet accounts that are located on the asset or liability columns of a work sheet.

Which of the Following Accounts Is Located on the Income