The Following Accounts Appear in an Adjusted Trial Balance of Blaine

question 104

Essay

The following accounts appear in an adjusted trial balance of Blaine Auto Service Company. Indicate whether each account would be reported in the
(a) current assets,
(b) property, plant, and equipment,
(c) current liabilities,
(d) long-term liabilities, or
(e) owner's equity section of the December 31 balance sheet of Blaine Auto Service Company.
1.Blaine Brock, Capital
2.Accumulated Depreciation
3.Unearned Revenues
4.Mortgage Payable
5.Equipment
6.Notes Payable
(due in two years)
7.Cash
8.Accounts Receivable

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Definitions:

Source of Power

This pertains to the origin or basis from which an individual or organization derives the ability to influence or control outcomes.

Organizational Members

Individuals who belong to and participate in the structure and activities of an organization.

Personal Stakes

The personalized interest or investment an individual has in an outcome or decision.

Power

The ability or capacity to direct or influence the behavior of others or the course of events.