Match the best answer to each statement. Equipment belongs on the Choose. Income Summary belongs on the Choose. Owner Capital belongs on the Statement of Owners Equity and the Choose. Cash belongs on the Choose. Utilities Expense belongs on the Choose.

Match the best answer to each statement. Equipment belongs on the Choose. Income Summary belongs on the Choose. Owner Capital belongs on the Statement of Owners Equity and the Choose. Cash belongs on the Choose. Utilities Expense belongs on the Choose.

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter4: Journalizing And Posting Transactions

Section: Chapter Questions

Problem 3MC: To purchase an asset such as office equipment on account, you would credit which account? (a) Cash...

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Question

Income statment
Balance sheet
No statment

Match the best answer to each statement.
Equipment belongs on the
Choose.
Income Summary belongs on the
Choose.
Owner Capital belongs on the
Statement of Owners Equity and the
Choose.
Cash belongs on the
Choose.
Utilities Expense belongs on the
Choose.

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