Indicate on Which Financial Statement Each of the Following Items

question 141

Short Answer

Indicate on which financial statement each of the following items appears. Use I for income statement, E for statement of retained earnings and B for balance sheet.
a. Fees Earned
b. Cash
c. Unearned Revenue
d. Rent expense
e. Accounts Receivable
f. Notes Payable
g. Prepaid Rent
h. Salaries Expense
i. Notes Payable
j. Dividends

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Definitions:

Ad Space

Areas designated for advertisements in various mediums, such as newspapers, magazines, websites, or outdoor locations.

Minor-Points Close

A sales technique where the focus is on the lesser details or benefits to persuade the customer.

Alternate-Choice Close

Alternate-Choice Close is a selling technique where the salesperson presents the prospect with two choices, both leading to a sale, giving the illusion of control.

Summary-Of-Benefits Close

A close wherein the salesperson summarizes the benefits of the product in a positive manner so that the prospect agrees with what the salesperson says.