1)utilities expense, 2)accounts payable, 3)commissions,4)capital, 5)withdrawals.where do they appear? income statement or statement of changes in owner equity or balance sheet.i think #1 is balance sheet #2 is income statement, #3 statement of chnges in owner equity #4 i think blance sheet #5 owner equity #6 income statement. please correct if i am wrong and write the right ans. and mke it clear so i could understand why.please.

Are you still talking about the account and the bank?

1. The owner will write a check unless there is automatic payment (debit). Then the check # or the automatic payment will be on the balance statement as a debit.

2. Accounts payable reflect the money owed to a supplier (debit). Again, that could be automatic payment, reflected on the balance or the owner of the account writes a check. The owner will enter it in the check book and then it will appear on the monthly statement from the bank.

3. Commissions are a credit, reflected on the monthly statement and then entered in the check book.

4. Capital = asset, like #3.

5. Withdrawal = debit, like #2.

What do you mean by income statement? The company or business will be keeping books and when they deposit the funds in the bank, it will appear on the monthly bank statement.

It's not clear to me what you are referring to now. When you post, please make it very clear what you are doing.

Sra

Let's go through each item and determine where they appear:

1) Utilities Expense: Utilities Expense represents the cost of utilities used by a business. It is an expense, and expenses are recorded on the Income Statement. So, you are correct that Utilities Expense appears on the Income Statement.

2) Accounts Payable: Accounts Payable represents the amount owed by a business to its suppliers for goods or services received but not yet paid for. It is a liability, and liabilities are recorded on the Balance Sheet. Therefore, you are incorrect in assuming that Accounts Payable appears on the Income Statement. Instead, it appears on the Balance Sheet.

3) Commissions: Commissions represent the compensation paid to salespeople or agents for generating sales or securing contracts. Commissions are considered an expense and are recorded on the Income Statement. So, you are correct that Commissions appear on the Income Statement.

4) Capital: Capital typically refers to the owner's investment in the business. It represents the initial investment or additional funds contributed by the owner(s). Capital is recorded on the Balance Sheet as part of the owner's equity section. Therefore, you are correct that Capital appears on the Balance Sheet.

5) Withdrawals: Withdrawals refer to the amount of money or assets that the owner(s) take out of the business for personal use. Withdrawals reduce the owner's equity in the business, and they are recorded on the Statement of Changes in Owner's Equity (also known as the Statement of Retained Earnings), which shows how the owner's equity has changed over a specific period.

To summarize:
- Utilities Expense appears on the Income Statement.
- Accounts Payable appears on the Balance Sheet.
- Commissions appear on the Income Statement.
- Capital appears on the Balance Sheet.
- Withdrawals appear on the Statement of Changes in Owner's Equity.