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Accounting 1 7th Edition Answer Key Chapter 7 Form

Accounting 1 7th Edition Answer Key Chapter 7 Form

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with everything so you're going to have several parts uh first thing we're going to do is classify our items where they go income statement balance sheet they are all mixed up so you have to make sure you're paying attention to what you're doing so like accounts payables liabilities accounts receivables assets advertising expense expense cash there's an asset cash shortened over is an expense capital is owner's equity drawing is neither income summaries neither insurance expense is an expense miscellaneous expense is an expense petty cash is an asset prepaid insurance is an asset sales revenue supply is an asset supplies expense expense utilities expense expense got them all right so you'll go through the first part uh the biggest thing is to make sure that you know that drawing and income summary don't go on either a balance sheet or an income statement neither one whatsoever um doing a heading for the income statements uh eller copy service make sure you spell it right income stateme

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