160.Describe a classified balance sheet.
161.The balances for the accounts listed below appeared in the Adjusted Trial Balance columns of the work sheet.Indicate whether each balance should be extended to (a) the Income Statement columns or (b) the Balance Sheetcolumns.
(1)
Salaries Payable
(7)
Retained Earnings
(2)
Fees Earned
(8)
Equipment
(3)
Accounts Payable
(9)
Accounts Receivable
(4)
Common Stock
(10)
Accumulated Depreciation
(5)
Supplies Expense
(11)
Salary Expense
(6)
Unearned Rent
(12)
Depreciation Expense
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