Cash, Shop Supplies, Prepaid Insurance, Equipement, Accumualted amortization (equipment), Accounts Payable, Wages Payable, Owner capital, Owner withdrawals, Repair fees earned, Amorization expense (equipment), Wage expense, Insurance expense, Rent expense, Office Supplies expense, Utilities Expense, Income Summary,
2007-06-29 12:31:27 · 5 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
Your question asked which of the accounts would NOT go on an income statement.
All the items from cash up to and including owner withdrawals go to the balance sheet and therefore would not go on the income statement.
2007-06-29 18:49:50 · answer #1 · answered by Sandy 7 · 0⤊ 0⤋
Cash and Accounts Payable.
2007-06-29 12:41:34 · answer #2 · answered by ultrasolvent 5 · 0⤊ 0⤋
I'm not real sure, but I'm pretty sure that it would be "owner withdrawals" because the owner's withdrawal is part of the profit.
2007-06-29 12:41:36 · answer #3 · answered by Tara 4 · 0⤊ 0⤋
any expenses
2007-06-29 12:34:03 · answer #4 · answered by Windy 4 · 0⤊ 0⤋
thanks lauren it help me alot
2016-04-01 00:24:07 · answer #5 · answered by Anonymous · 0⤊ 0⤋