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Income and Balance Sheet Accounts

Asked May 8, 2007, 02:40 AM — 1 Answer
Hi ~ I was wondering if you could help me put the right accounts into the right statements. These are the accounts I have:

Accounts Payable
Accounts Receivable
Cash
Fees Earned
Insurance Expense
Land
Miscellaneous Expense
Prepaid Insurance
Rent Expense
Salary Expense
Supplies
Supplies Expense
Utilities Expense
Capital Stock
Retained Earnings
Paid Dividends

I am not sure which accounts go where on the Income Statement and Balance Sheet could you please help me figure this out?

Thank You,
A

1 Answer
CaptainForest's Avatar
CaptainForest Posts: 3,684, Reputation: 2085
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#2

May 8, 2007, 09:08 PM
Balance Sheet Accounts:
Accounts Payable
Accounts Receivable
Cash
Land
Prepaid Insurance
Supplies
Capital Stock
Retained Earnings
Paid Dividends

Income Statement Accounts:
Fees Earned
Insurance Expense
Miscellaneous Expense
Rent Expense
Salary Expense
Supplies Expense
Utilities Expense
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