Indicate whether each of the following items is a real ornominal account and whether it appears in the balancesheet or the income statement.(a) Prepaid Rent.(b) Salaries and Wages Payable.(c) Inventory.(d) Accumulated Depreciation—Equipment.(e) Equipment.(f) Service Revenue.(g) Salaries and Wages Expense.(h) Supplies.
Indicate whether each of the following items is a real ornominal account and whether it appears in the balancesheet or the income statement.(a) Prepaid Rent.(b) Salaries and Wages Payable.(c) Inventory.(d) Accumulated Depreciation—Equipment.(e) Equipment.(f) Service Revenue.(g) Salaries and Wages Expense.(h) Supplies.
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter11: Work Sheet And Adjusting Entries
Section: Chapter Questions
Problem 4E: Indicate the work sheet columns (Income Statement Debit, Income Statement Credit, Balance Sheet...
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Indicate whether each of the following items is a real or
nominal account and whether it appears in the balance
sheet or the income statement.
(a) Prepaid Rent.
(b) Salaries and Wages Payable.
(c) Inventory.
(d)
(e) Equipment.
(f) Service Revenue.
(g) Salaries and Wages Expense.
(h) Supplies.
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