Determine the financial statement on which the item below appears. Use I for income statement. E for statement of owner's equity, and B for balance sheet.
 Wages Payable

Calculate the missing amount in each of the following separate companies a through d.

Examine the transaction and identify if it creates expenses for Valdez Services. Use T-accounts to record the transactions if it creates expenses. If not, explain why the transaction did not create expenses.
 Owner (B. Valdez) withdrew $4,500 cash for personal use.

Examine the transaction and identify if it creates expenses for Valdez Services. Use T-accounts to record the transactions if it creates expenses. If not, explain why the transaction did not create expenses.
 Paid $870 cash for this month's utilities.

Post the transaction to the appropriate T-accounts and calculate the ending balance in each account.
 On January 30, Elegant Lawns receives $1,000 cash in advance of providing landscaping services to a customer.

Post the transaction to the appropriate T-accounts and calculate the ending balance in each account.
 On January 29, Elegant Lawns receives $7,800 cash for performing landscaping services.

Examine the transaction and identify if it creates expenses for Valdez Services. Use T-accounts to record the transactions if it creates expenses. If not, explain why the transaction did not create expenses.
 Paid $39,200 cash for equipment.

Post the transaction to the appropriate T-accounts and calculate the ending balance in each account.
 On January 21, Elegant Lawns purchases office supplies on credit for $280.

Examine the transaction and identify if it creates expenses for Valdez Services. Use T-accounts to record the transactions if it creates expenses. If not, explain why the transaction did not create expenses.
 Paid $1,233 cash for the receptionist's salary for the two weeks just completed.

Post the transaction to the appropriate T-accounts and calculate the ending balance in each account.
 On January 13, DeShawn Tyler opens a landscaping business called Elegant Lawns by investing $70,000 cash along with equipment having a$30,000 value.

Examine the transaction and identify if it creates expenses for Valdez Services. Use T-accounts to record the transactions if it creates expenses. If not, explain why the transaction did not create expenses.
 Paid $12.200 cash for office supplies that were purchased on account more than 1 year ago.

Why does the recordkeeper construct a trial balance?

On May 1, Mattingly Lawn Service obtained $2.500 cash from a customer in advance of five months of lawn service. Mattingly records this increase in liability as a

a. Credit to Unearned Lawn Service Fees for$2.500.
b. Debit to Lawn Service Fees Earned for $2,500.
c. Credit to Cash for$2,500.
d. Debit to Unearned Lawn Service Fees for $2,500.
e. Credit to Capital for$2,500.

Determine the normal balance (debit or credit) for the account below.
 Owner Capital