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Indicate Whether the Following Items Would Appear on the Balance

Question 154

Essay

Indicate whether the following items would appear on the balance sheet (BS), income statement (IS), or owner's equity statement (OE).
1. Advertising expense
2. Accounts receivable
3. Jones, drawing
4. Rent revenue
5. Salaries payable
6. Supplies

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

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