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Indicate Whether the Following Items Would Appear on the Balance

Question 148

Essay

Indicate whether the following items would appear on the balance sheet (BS) income statement (IS) or owner's equity statement (OE).
1. Utilities expense
2. Accounts receivable
3. Owner's drawings
4. Service revenue
5. Salaries and wages payable
6. Equipment

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1. Income statement (IS) 4. In...

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