The balance of the owner's drawing account is reported: A. In the other expenses section of the income statement B. on the statement of owner's equity C. in the current assets section of the balance sheet D. in the operating expenses section of the income statement

The balance of the owner's drawing account is reported: A. In the other expenses section of the income statement B. on the statement of owner's equity C. in the current assets section of the balance sheet D. in the operating expenses section of the income statement

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter4: Adjusting Entries And The Work Sheet

Section: Chapter Questions

Problem 5QY: On the work sheet, Accumulated Depreciation, Equipment would be recorded in which of the following...

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The balance of the owner's drawing account is reported:(general account)

The balance of the owner's drawing account is reported:
A. In the other expenses section of the income statement
B. on the statement of owner's equity
C. in the current assets section of the balance sheet
D. in the operating expenses section of the income statement

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