Balance Sheet
No they belong under the liabilities section on a Balance Sheet
Property Tax goes in the Expense section of the Chart of Accounts
Common stock is part of owners equity and like all owner equity accounts it is also shown in equity section of balance sheet.
If I understand your question correctly, sales is revenue, which is part of owner's equity. So you would use that amount in your income statement, and your trial balance (if you use one).
Depreciation belongs to the category of expenses on the income statement. It represents the allocation of the cost of tangible assets over their useful lives, reducing the asset's book value and reflecting the wear and tear on the asset. This non-cash expense impacts net income and is also recorded on the balance sheet as a reduction in the asset's value.
Accounts Payable belongs in the Balance Sheet as a Current Liability.
A subsidiary ledger provides detailed information about specific accounts that belong to a general ledger account. It breaks down the transactions and balances for individual components, such as accounts receivable, accounts payable, or inventory, allowing for better tracking and management of financial data. This detailed information supports the accuracy and transparency of the overall financial statements.
No they belong under the liabilities section on a Balance Sheet
belong to credits
To calculate common equity in a financial statement, subtract total liabilities from total assets. This will give you the common equity, which represents the portion of a company's assets that belong to its common shareholders.
Loss on sale of equipment is shown in income statement as other loss.
The M2 category includes cash, checking accounts, and easily convertible near-money assets like savings accounts and money market accounts. However, items like stocks, bonds, and other securities do not belong in the M2 category, as they are not considered liquid money or near-money assets. Instead, they are classified under different financial categories, such as investments.
Property Tax goes in the Expense section of the Chart of Accounts
Financial Services
Not sure, but all your base are belong to us.
Common stock is part of owners equity and like all owner equity accounts it is also shown in equity section of balance sheet.
If I understand your question correctly, sales is revenue, which is part of owner's equity. So you would use that amount in your income statement, and your trial balance (if you use one).