Classify each of the following accounts as to whether they would ...

[BrownTown3]

Classify each of the following accounts as to whether they would appear on a balance sheet (BS) or income statement (IS). Accounts Payable Accounts Receivable Accumulated Depreciation, Equipment Advertising Expense Cash Depreciation Expense, Equipment Equipment Income from Tours Insurance Expense Owner, Capital Prepaid Insurance Rent Expense Supplies Utilities Expense Wages Expense Wages Payable

Question 2

One of the generally accepted accounting principles that provide the foundation for preparing financial statements is the ______ principle.
 
  Fill in the blanks with correct word

[underwood14]

Answer to Question 1

BS Accounts Payable
BS Accounts Receivable
BS Accumulated Depreciation, Equipment
IS Advertising Expense
BS Cash
IS Depreciation Expense, Equipment
BS Equipment
IS Income from Tours
IS Insurance Expense
BS Owner, Capital
BS Prepaid Insurance
IS Rent Expense
BS Supplies
IS Utilities Expense
IS Wages Expense
BS Wages Payable

Answer to Question 2

Matching

[BrownTown3]

Thanks for the timely response, appreciate it

[Jossy]

Excellent