GB 518 RANK Extraordinary Life/gb518rank.com GB 518 RANK Extraordinary Life/gb518rank.com | Page 22
$ 0 $ 13,718 $ 13,155 $ 13,284
Question 21. Question: the financial statements as:
Unearned revenue is reported on
A revenue on the balance sheet A liability on the balance sheet statement
An unearned revenue on the income
An asset on the balance sheet cash flows
An operating activity on the statement of
Office supplies |
$ 2,625 |
Rent expense $ 3,673 |
Land $ 37,153 |
Salaries expense |
$ 6,642 |
Office equipment |
$ 14,535 |
Telephone expense |
$ |
560 |
|
|
|
Accounts payable |
$ 6,463 |
Miscellaneous expense |
$ 280 |
|
|
Common stock |
$ 54,490 |
Retained Earnings |
? |
$ 0 $ 13,718 $ 13,155 $ 13,284
Question 21. Question: the financial statements as:
Unearned revenue is reported on
A revenue on the balance sheet A liability on the balance sheet statement
An unearned revenue on the income
An asset on the balance sheet cash flows
An operating activity on the statement of