Question

 EX 4-1 Flow of accounts into financial statements

 The balances for the accounts that follow appear in the Adjusted Trial Balance columns of the end-of-period spreadsheet. Indicate whether each account would flow into the income statement, statement of owner's equity, or balance sheet.

 1. Accounts Payable

 6. Supplies

 2. Accounts Receivable

 7. Unearned Rent

 3. Cash

 8. Utilities Expense

 4. Eddy Rosewood, Drawing

 9. Wages Expense

 5. Fees Earned

 10. Wages Payable

 EX 4-2 Classifying accounts

 Balances for each of the following accounts appear in an adjusted trial balance. Identify each as (a) asset, (b) liability, (c) revenue, or (d) expense.

 1. Accounts Receivable

 7. Rent Revenue

 2. Equipment

 8. Salary Expense

 3. Fees Earned

 9. Salary Payable

 4. Insurance Expense

 10. Supplies

 5. Landi

 11. Unearned Rent

 6. Prepaid Rent

 12. Wages Payable

Answer 1

REq1.
Accounts				Statement
1. Accounts payable			Balance Sheet
2. Accounts receivable		Balance Sheet
3. Cash				Balance Sheet
4. Eddy Rosewood, drawings		Statement of Owner's equity
5. Fees earned			Income Statement
6. Supplies			Balance Sheet
7. Unearned rent			Balance Sheet
8. Utilities expense			Income Statement
9. Wages expense			Income Statement
10. Wages payable			Balance Sheet
Req 2.
Accounts				Type of Accounts
1. Accounts receivable		Assets
2. Equipment			Assets
3. Fees earned			Revenue
4. Insurance expense			Expense
5. Land				Assets
6. Prepaid rent			Assets
7. Rent revenue			Revenue
8. Salary expense			Expense
9. Salary payable			Liabilities
10. Supplies			Assets
11. Unearned rent			Liabilities
12. Wages payable			Liabilities