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Indicate what would appear on the income statement

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Question 1: Indicate whether each of the following would appear on the income statement, the statement of changes in equity or balance sheet of Tressa Mortola Skincare.

Item Income             Statement

Statement of Changes in Equity

Balance Sheet

Example: Total liabilities at the end of the year x

a. Supplies on hand at the end of the year.

b. Total insurance expired during the year.

c. Accounts receivable at the end of the year.

d. Total revenues earned during the year.

e. Total withdrawals by the owner.

f. The book value of the entity's equipment.

g. The amount of depreciation taken on equipment during the year.

h. The cost of supplies used during the year.

i. Owner equity at the beginning of the year.

j. Profit for the year.

Reference no: EM132575599

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