Matching
Classify each of the following items as to whether they would appear on a:
Premises:
Accounts Payable
Accounts Receivable
Advertising Expense
Cash
Equipment
Income from Tours
Increase in Capital
Investment during month
J. Collins, Capital
J. Collins, Drawing
Prepaid Insurance
Wages Expense
Responses:
balance sheet
income statement
neither
Correct Answer:
Premises:
Responses:
Accounts Payable
Accounts Receivable
Advertising Expense
Cash
Equipment
Income from Tours
Increase in Capital
Investment during month
J. Collins, Capital
J. Collins, Drawing
Prepaid Insurance
Wages Expense
Premises:
Accounts Payable
Accounts Receivable
Advertising Expense
Cash
Equipment
Income from Tours
Increase in Capital
Investment during month
J. Collins, Capital
J. Collins, Drawing
Prepaid Insurance
Wages Expense
Responses:
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