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 would flow to
(a) the income statement,
(b) the statement of owner's equity, or
(c) the balance sheet.
1. Accounts Payable
2. Dobson, Drawing
3. Depreciation Expense
4. Accumulated Depreciation
5. Fees Earned
6. Unearned Fees
7. Supplies
8. Supplies Expense
Correct Answer:

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1. Balance sheet
2. Statement ...View Answer
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