Which belongs to the balance sheet and which one belongs to the income statement

Question

Which belongs to the balance sheet and which one belongs to the income statement

Cash

Which belongs to the Balance Sheet and which belongs to Income Statement

Which belongs to the balance sheet and which one belongs to the income statement

Cash

Investments Accounts receivable, 12/31/15 Allowance for doubtful accounts, 12/31/15 Inventory, 12/31/15 Prepaid Insurance Interest receivable Furniture and Fixtures Accumulated depreciation, Furniture & Fixtures 12/31/15 Fencing Accumulated depreciation, fencing Accounts payable, 12/31/15 Interest payable Legal liability Salaries payable Income tax payable Capital stock, $10 par value Retained earnings, 12/31/15 Sales Interest income Notes payable 4%, due 3/31/17 Purchases COGS Fencing expense Salaries expense Income tax expense Interest expense Depreciation expense Bad debt expense Insurance expense Rent expense Utilities expense Freight in Freight out Travel expense Legal expense Unrealized gain on securities

Explanation / Answer

Items Belongs to: Cash Balance Sheet Investments Balance Sheet Accounts receivable, 12/31/15 Balance Sheet Allowance for doubtful accounts, 12/31/15 Balance Sheet Inventory, 12/31/15 Balance Sheet Prepaid Insurance Balance Sheet Interest receivable Balance Sheet Furniture and Fixtures Balance Sheet Accumulated depreciation, Furniture & Fixtures 12/31/15 Balance Sheet Fencing Balance Sheet Accumulated depreciation, fencing Balance Sheet Accounts payable, 12/31/15 Balance Sheet Interest payable Balance Sheet Legal liability Balance Sheet Salaries payable Balance Sheet Income tax payable Balance Sheet Capital stock, $10 par value Balance Sheet Retained earnings, 12/31/15 Balance Sheet Sales Income statement Interest income Income statement Notes payable 4%, due 3/31/17 Balance Sheet Purchases Income statement COGS Income statement Fencing expense Income statement Salaries expense Income statement Income tax expense Income statement Interest expense Income statement Depreciation expense Income statement Bad debt expense Income statement Insurance expense Income statement Rent expense Income statement Utilities expense Income statement Freight in Income statement Freight out Income statement Travel expense Income statement Legal expense Income statement Unrealized gain on securities Income statement

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