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

---

Definitions:

Fetal Circulatory System

The circulatory system of a fetus that involves unique structures like the umbilical cord, placenta, and ductus arteriosus for nutrient and waste exchange and for bypassing the lungs.

Trimester

One of the three approximately three-month periods into which a pregnancy is divided.

Morning Sickness

The nauseous feeling a woman may have during her first trimester of pregnancy; the result of increased hormones in the body.

Fetus

A developing human from roughly eight weeks after conception to the moment of birth.