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Listed Below Are Various Accounts Which Can Be Found on the Financial

Question 150

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Listed below are various accounts which can be found on the financial statements.
For each account listed, identify the applicable financial statement on which the account will be presented (Balance Sheet, Income Statement or Statement of Owner's Equity).

Premises:
Delivery Truck
Salaries payable
Telephone expense
Consulting fees earned
Accounts Receivable
Note payable
Sales
Bank loan payable
Interest Revenue
Supplies expense
Unearned Revenue
Rental Income
Cash
Commission revenue
Prepaid expenses
Building
Accounts Payable
Owners investment
Owners drawings
Insurance expense
Responses:
Statement of Owner's Equity
Income Statement
Balance Sheet

Correct Answer:

Delivery Truck
Salaries payable
Telephone expense
Consulting fees earned
Accounts Receivable
Note payable
Sales
Bank loan payable
Interest Revenue
Supplies expense
Unearned Revenue
Rental Income
Cash
Commission revenue
Prepaid expenses
Building
Accounts Payable
Owners investment
Owners drawings
Insurance expense
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