Homework Sourseplease state if the following is recorded in income statemen
please state if the following is recorded in income statement or balance sheet
| Equipment |
| Rug Cleaner |
| Sales Revenue |
| Accounts payable |
| Accounts Receivable |
| Accumulated amortization |
| Accumulated depreciation |
| Adjusting entries |
| Allowance for doubtful accounts |
| Amortization expence |
| APIC-Common stock |
| Bad debt expenses |
| Bank |
| Bank charges |
| Bank Loan payable |
| Cash |
| Cleaning Supplies |
| Cleaning supplies expense |
| Common Stock |
| Computer |
| Cost of goods sold |
| Depreciation expenses |
| Discount on Notes payable |
| Dividned expense |
| employee tax withholding account |
| Employer tax payable |
| Gas and oil expenses |
| Income tax expense |
| Income tax payable |
| Interest expenses |
| interest payable |
| Inventory |
| No entry required |
| Notes payable |
| Patents and Rights |
| Payroll taxes |
| Prepaid Insurance |
| Prepaid Rent |
| Purcahse Discount |
| Rent expense |
| Salaries & wages expenses |
| Salary expenses |
| Sales revenue |
| Short-term Investment (Available For Sale) |
| supplies |
| Tax expense |
| Tax payable |
| Unearned revenue |
| Unearned Service Revenue |
| (blank) |
| Employee Tax Witheld |
| Salary payable |
| Payroll tax expense |
| Accrued expenses |
| Merchandise Inventory |
Solution
Note - Rest can be solved self. Assets and liabilities are shown in Balance sheet and item of income and expense are shown in income and expenditure statement.
| Particular | Income statement Or Balance sheet |
| Equipment | Balance sheet |
| Rug Cleaner | Balance sheet |
| Sales Revenue | Income statement |
| Accounts payable | Balance sheet |
| Accounts Receivable | Balance sheet |
| Accumulated amortization | Balance sheet |
| Accumulated depreciation | Balance sheet |
| Adjusting entries | Income statement |
| Allowance for doubtful accounts | Income statement |
| Amortization expence | Income statement |
| APIC-Common stock | Balance sheet |
| Bad debt expenses | Income statement |
| Bank | Balance sheet |
| Bank charges | Income statement |
| Bank Loan payable | Balance sheet |
| Cash | Balance sheet |
| Cleaning Supplies | Balance sheet |
| Cleaning supplies expense | Income statement |
| Common Stock | Balance sheet |
| Computer | Balance sheet |
| Cost of goods sold | Income statement |
| Depreciation expenses | Income statement |
| Discount on Notes payable | Income statement |
| Dividned expense | Income statement |
| employee tax withholding account | Balance sheet (If payable) |
| Employer tax payable | Balance sheet |
| Gas and oil expenses | Income statement |
| Income tax expense | Income statement |
| Income tax payable | Balance sheet |
| Interest expenses | Income statement |
| interest payable | Income statement |
