Question

please state if the following is recorded in income statement or balance sheet

Rug Cleaner

Accounts payable

Accounts Receivable

APIC-Common stock

Bank charges

Bank Loan payable

Cash

Cleaning Supplies

Cleaning Supplies inventory

Common Stock

Computer

Discount on Notes payable

Dividned expense

Employee tax withheld

employee tax withholding account

Employer tax payable

Gas and oil expenses

Mercandise Inventory

No entry required

Notes payable

Paid up capital

Patents and Rights

Payroll taxes

Prepaid Insurance

Prepaid Rent

Purcahse Discount

Salaries & wages expenses

Short-term Investment (Available For Sale)

Tax payable

Unearned Service Revenue

(blank)

Equipment

Sales Revenue

Answer 1

Rug Cleaner	Balance sheet item
Accounts payable	Balance sheet item
Accounts Receivable	Balance sheet item
APIC-Common stock	Balance sheet item
Bank charges	Income statement
Bank Loan payable	Balance sheet item
Cash	Balance sheet item
Cleaning Supplies	Balance sheet item
Cleaning Supplies inventory	Balance sheet item
Common Stock	Balance sheet item
Computer	Balance sheet item
Discount on Notes payable	Balance sheet item
Dividned expense	Balance sheet item
Employee tax withheld	Balance sheet item
employee tax withholding account	Balance sheet item
Employer tax payable	Balance sheet item
Gas and oil expenses	Income statement
Mercandise Inventory	Balance sheet item
No entry required
Notes payable	Balance sheet item
Paid up capital	Balance sheet item
Patents and Rights	Balance sheet item
Payroll taxes	Income statement
Prepaid Insurance	Balance sheet item
Prepaid Rent	Balance sheet item
Purcahse Discount	Income statement
Salaries & wages expenses	Income statement
Short-term Investment (Available For Sale)	Balance sheet item
Tax payable	Balance sheet item
Unearned Service Revenue	Balance sheet item
(blank)
Equipment	Balance sheet item
Sales Revenue	Income statement