The balances for the accounts listed below appeared in the Adjusted columns of the work sheet. Indicate whether each balance should be extended to (a) the Income Statement columns or (b) the Balance Sheet columns. Balance (1) Salaries Payable (2) Fees Eamed (3) Accounts Payable (4) Felipe Ramos, Capital (5) Supplies Expense Unearned Rent (7) (8) (9) (10). (11) Salary Expense (12) Felipe Ramos, Drawing Equipment Accounts Receivable Accumulated Depreciation (6) Depreciation Expense

The balances for the accounts listed below appeared in the Adjusted columns of the work sheet. Indicate whether each balance should be extended to (a) the Income Statement columns or (b) the Balance Sheet columns. Balance (1) Salaries Payable (2) Fees Eamed (3) Accounts Payable (4) Felipe Ramos, Capital (5) Supplies Expense Unearned Rent (7) (8) (9) (10). (11) Salary Expense (12) Felipe Ramos, Drawing Equipment Accounts Receivable Accumulated Depreciation (6) Depreciation Expense

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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