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please state if the following is recorded in income statement or balance sheet R

ID: 2408109 • Letter: P

Question

please state if the following is recorded in income statement or balance sheet

Rug Cleaner Accounts payable Accounts Receivable APIC-Common stock Bank charges Bank Loan payable Cash Cleaning Supplies Cleaning Supplies inventory Common Stock Computer Discount on Notes payable Dividned expense Employee tax withheld employee tax withholding account Employer tax payable Gas and oil expenses Mercandise Inventory No entry required Notes payable Paid up capital Patents and Rights Payroll taxes Prepaid Insurance Prepaid Rent Purcahse Discount Salaries & wages expenses Short-term Investment (Available For Sale) Tax payable Unearned Service Revenue (blank) Equipment Sales Revenue

Explanation / Answer

Rug Cleaner Balance sheet item Accounts payable Balance sheet item Accounts Receivable Balance sheet item APIC-Common stock Balance sheet item Bank charges Income statement Bank Loan payable Balance sheet item Cash Balance sheet item Cleaning Supplies Balance sheet item Cleaning Supplies inventory Balance sheet item Common Stock Balance sheet item Computer Balance sheet item Discount on Notes payable Balance sheet item Dividned expense Balance sheet item Employee tax withheld Balance sheet item employee tax withholding account Balance sheet item Employer tax payable Balance sheet item Gas and oil expenses Income statement Mercandise Inventory Balance sheet item No entry required Notes payable Balance sheet item Paid up capital Balance sheet item Patents and Rights Balance sheet item Payroll taxes Income statement Prepaid Insurance Balance sheet item Prepaid Rent Balance sheet item Purcahse Discount Income statement Salaries & wages expenses Income statement Short-term Investment (Available For Sale) Balance sheet item Tax payable Balance sheet item Unearned Service Revenue Balance sheet item (blank) Equipment Balance sheet item Sales Revenue Income statement