Given the following entries from a TRIAL balance, what
entries would fall where in a Balance Sheet & an Income
Office salaries expense
Bad debts expense
Allowance for doubtful debts
Answer / balamurugan
Accounts receivables - Balance sheet (Assets)
Merchandized Inventory - Balance sheet (Assets)
stores supplies - Income Statement (Expense)
office supplies - Income Statement (Expense)
prepaid insurance - Balance sheet (Assets)
accumulated Dep - In accounting, Accumulated Depreciation
appears on the balance sheet in the
property, plant and equipment section PPE
is usually shown as At cost/valuation less
accounts payable - Balance sheet (Liabilities)
sales salaries - Income Statement (Expense)
advertising expense - Income Statement (Expense)
Miscellaneous expense - Income Statement (Expense)
Office salaries expense - Income Statement (Expense)
rent expense - Income Statement (Expense)
Depreciation expense - Income Statement (Expense)
Insurance expense - Income Statement (Expense)
Bad debts expense - Income Statement (Expense)
Allowance for doubtful debts - Allowance for Doubtful
Accounts is a contra current
asset account associated with
Accounts Receivable. When the
credit balance of the
Allowance for Doubtful
Accounts is subtracted from
the debit balance in Accounts
Receivable the result is
known as the net realizable
value of the Accounts
Supplies expense - Income Statement (Expense)
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