Chapter 1, Problem 1.17EX

Income statement items

From the following list of selected items taken from the records of Bobcat Appliance Service as of a specific date, identify those that would appear on the balance sheet:

1. 1. Accounts Receivable
2. 2. Cash
3. 3. Common Stock
4. 4. Fees Earned
5. 5. Land
6. 6. Supplies
7. 7. Supplies Expense
8. 8. Utilities Expense
9. 9. Wages Expense
10. 10. Wages Payable

Based on the data presented in Exercise 1-16, identify those items that would appear on the income statement.