Question

The following accounts appear on either the Income Statement (IS) or Balance Sheet (BS). In the space provided next to each account write the letters, IS or BS, that identify the statement on which the account appears.
1. Owner, Capital
2. Wages Payable
3. Cash
4. Rent Expense
5. Unearned Fees Revenues
6. Accounts Payable
7. Office Equipment
8. Notes Receivable
9. Rent Expense
10. Fees Revenue

Answer

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