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makaylarae8781
24.03.2021 •
Business
Indicate in the table below the financial statement on which each of the following accounts appear.
Account Income Statement Statement of Changes in Owner's Equity Balance Sheet
1. Cash in Bank
2. Utilities Expense
3. Accounts Payable
4. Commissions
5. Capital
6. Withdrawals
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Ответ:
Income Statement Statement of Balance
Changes in Sheet
Owner's Equity
1. Cash in Bank NO NO YES
2. Utilities Expense YES NO NO
3. Accounts Payable NO NO YES
4. Commissions YES NO NO
5. Capital NO YES YES
6. Withdrawals NO YES NO
Cash in bank is an Asset so will be in the balance sheet.
Utilities expense goes to the Income statement alone because that is where expenses go.
Accounts Payable is a liability so will be in the Balance Sheet.
Commission is an expense.
Capital will be shown in both the Statement of Changes in Owner's Equity and the Balance Sheet
Withdrawals are a change in Owners equity and will be shown in the Statement of Changes in Owner's Equity.
Ответ: