Essay
The balances for the accounts listed below appear in the Adjusted Trial Balance columns of the end-of-period spreadsheet work sheet). Indicate whether each balance should be extended to a) an Income Statement column or b) a Balance Sheet column.
1. Retained Earnings
2. Common Stock
3. Depreciation Expense
4. Accumulated Depreciation
5. Fees Earned
6. Unearned Fees
7. Supplies
8. Supplies Expense
Correct Answer:

Verified
1. Balance Sheet column
2. Balance Sheet...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
2. Balance Sheet...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q25: Which one of the fixed asset accounts
Q36: The dividends account is closed to the
Q41: Unearned Fees appear on the<br>A)balance sheet in
Q46: Which of the following account groups are
Q47: Examples of temporary accounts are Supplies and
Q85: Beachside Realty rents condominiums and furnishings.
Q135: Stockholders' equity is<br>A) added to assets and
Q188: List and describe the purpose of the