From the trial of Johnson Moving, classify each account as an asset, liability, an owne equity, a revenue or as an expense and indicate whether it appears on the balance sheet or on the income statement. Example: Cash - an asset which appears on the balance sheet. Johnson Trial Balance June 30, 20..... ACCOUNT TITLE CREDIT Cash Accounts Receivable Land and Buildings Equipment Accounts Payable Bank Loan A. Morrison, Capital Storage fees Revenue Moving service Revenue Salaries Expense Truck Expense Utilities Expense DEBIT $ 25 000 65 000 175 000 65 200 95 300 32 000 9 000 $466 500 $ 24 000 31 000 200 000 26 500 185 000 $466 500

From the trial of Johnson Moving, classify each account as an asset, liability, an owne equity, a revenue or as an expense and indicate whether it appears on the balance sheet or on the income statement. Example: Cash - an asset which appears on the balance sheet. Johnson Trial Balance June 30, 20..... ACCOUNT TITLE CREDIT Cash Accounts Receivable Land and Buildings Equipment Accounts Payable Bank Loan A. Morrison, Capital Storage fees Revenue Moving service Revenue Salaries Expense Truck Expense Utilities Expense DEBIT $ 25 000 65 000 175 000 65 200 95 300 32 000 9 000 $466 500 $ 24 000 31 000 200 000 26 500 185 000 $466 500

Name: Exercise 3.From the trial of Johnson Moving, classify each account as
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Description: Exercise 3.From the trial of Johnson Moving, classify each account as an asset, liability, an owner'sequity, a revenue or as an expense and indicate whether it appears on thebalance sheet or on the income statement.Example: Cash - an asset which app

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter2: Analyzing Transactions: The Accounting Equation

Section: Chapter Questions

Problem 5SEA: FINANCIAL STATEMENT ACCOUNTS Label each of the following accounts as an asset (A), liability (L),...

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