Indicate the financial statement on which each of the follow

Indicate the financial statement on which each of the following items appears. Use I for income statement, E for statement of owner\'s equity, and B for balance sheet. a. Unearned Ticket Revenue b. Fuel expense c. Rent Payable d. Taxes Payable e. Prepaid Rent f. Salaries Expense g. Furniture h. Repairs expense i. Rent expense j. Unearned Store Sales k. Legal expense I. Equipment

Solution

I=Income Statement E = Statement of owner\'s Equity B = Balance Sheet Sr. No. Name Nature a Unearned ticket Revenue \"B\" Balance Sheet b Fuel expenses \"I\" Income Statement c Rent Payable \"B\" Balance Sheet d Taxes Payable \"B\" Balance Sheet e Prepaid Rent \"B\" Balance Sheet f Salaries Expenses \"I\" Income Statement g Furniture \"B\" Balance Sheet h Repair expenses \"I\" Income Statement i Rent Expenses \"I\" Income Statement j Unearned Store Sales \"B\" Balance Sheet k Legal Expenses \"I\" Income Statement l Equipment \"B\" Balance Sheet