Question
I need help with this accouting problem.
S1-11 Identifying accounts on the financial statements Consider the following accounts: a. Accounts Payable f. Service Revenu
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Answey- a. AGCOunts payable ::B b. cash B and C C. commion Stock d. Accounts Receivable e. Rent Expense f. sevvice Revenue gG: Statement of Cash flows RE = Skabement & etalned Eavnings Explanation:- DAGCOUNES payable is a liabiliky; Therefore it app

Hit the LIKE Button.

Add a comment
Know the answer?
Add Answer to:
I need help with this accouting problem. S1-11 Identifying accounts on the financial statements Consider the...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • pls solve this exercise S1-8 Identifying accounts Consider the following accounts: a. Accounts Payable f. Service...

    pls solve this exercise S1-8 Identifying accounts Consider the following accounts: a. Accounts Payable f. Service Revenue b. Cash g. Office Supplies c. Owner, Capital h. Owner, Withdrawals i. Land d. Accounts Receivable e. Rent Expense j. Salaries Expense Identify each account as Asset, Liability, or Equity.

  • I need some help with this accouting problem. S2-2 Identifying increases and decreases in accounts For...

    I need some help with this accouting problem. S2-2 Identifying increases and decreases in accounts For cach account, identify whether the changes would be recorded as a debit (DR) or credit (CR). f. Decrease to Prepaid Rent a. Increase to Accounts Receivable g. Increase to Common Stock b. Decrease to Unearned Revenue h. Increase to Notes Receivable c. Decrease to Cash i. Decrease to Accounts Payable d. Increase to Interest Expense j. Increase to Interest Revenue e. Increase to Salaries...

  • Excersise 2.26 a sla D. Prepare Exercise 2-26 Required Relationship of accounts to financial statements Identify...

    Excersise 2.26 a sla D. Prepare Exercise 2-26 Required Relationship of accounts to financial statements Identify whether each of the following items would appear on the income statement (IS), statement of changes in stockholders' equity (SE), balance sheet (BS), or statement of cash flows (CF). Some items may appear on more than one statement, if so, identify all applicable statements. If an item would not appear on any financial statement, label it NA. a. Supplies b. Cash Flow from Financing...

  • Part VIII: Identifying Account Balances Account Name Balance Type of Account Financial Statement Normal Balance (debit/credit)...

    Part VIII: Identifying Account Balances Account Name Balance Type of Account Financial Statement Normal Balance (debit/credit) 8,500 12 500 Asser Balance Sheet Dehir a) Accounts Payable b) Accounts Receivable c) Beginning Balance Retained Earnings d) Cash c) Common Stock f) Dividends g) Equipment h) Land i) Notes Payable j) Prepaid Rent k) Salaries Expense 1) Service Revenue m) Supplies n) Supplies Expense o) Utilities Expense 16,500 25,000 12.000 45,000 32,000 12.000 1.200 Expense Income Statement Debir 50,000 125,000 1.800 4,000...

  • I need help on s1-13 Centerpiece Arrangements has just completed operations for the year ended December...

    I need help on s1-13 Centerpiece Arrangements has just completed operations for the year ended December 31, 2018. This is the third year of operations for the company. The following data have been assembled for the business: $ 4,500 $ 46,000 Insurance Expense Salaries Expense Service Revenue 70,000 17,600 Accounts Payable Utilities Expense Office Supplies 1,400 1,700 16,000 Dividends Rent Expense 4,800 Accounts Receivable Common Stock 9,000 8,000 Cash 7,200 Equipment 12,100 Retained Earnings, January 1, 2018 5,100 S1-12 Preparing...

  • Just s1-14 i have figured out the rest Centerpiece Arrangements has just completed operations for the...

    Just s1-14 i have figured out the rest Centerpiece Arrangements has just completed operations for the year ended December 31, 2018. This is the third year of operations for the company. The following data have been assembled for the business: $ 46,000 17,600 1,700 Insurance Expense Service Revenue Utilities Expense Rent Expense Common Stock Cash Retained Earnings, January 1, 2018 $ 4,500 70,000 1,400 16,000 9,000 7,200 5,100 Salaries Expense Accounts Payable Office Supplies Dividends Accounts Receivable Equipment 4,800 8,000...

  • K prodigyyy - Tano... PayPal Tu Saved Help Save & Exit Submit QS 2-9 Classifying accounts...

    K prodigyyy - Tano... PayPal Tu Saved Help Save & Exit Submit QS 2-9 Classifying accounts in financial statements LO P3 Indicate the financial statement on which each of the following items appears. Use I for income statement, E for statement of retained earnings, and B for balance sheet. a. Note Receivable b. Office Equipment c. Office Supplies d. Dividends e. Postage Expense 1. Prepaid Insurance 9. Prepaid Rent h. Prepaid Service Fees Rent Expense Rental Revenue k L Repairs...

  • 5. The following are accounts reported in the financial statements: A. Balance Sheet B. Income Statement...

    5. The following are accounts reported in the financial statements: A. Balance Sheet B. Income Statement C. Statement of Stockholders' Equity Indicate where each of the following accounts is reported in the financial statements using the letters above. (Identify all reports that may apply for each item below.) II. Identify if the account is permanent(P) or temporary (T). Fill in lists below for items I and II Notes Receivable Cash & Cash Equivalents Dividends Accounts Payable Salary Expense Unearned Rent...

  • 14 t 3 of 4 3 nts (1) Accounts receivable (2) Accounts payable (3) Cash paid...

    14 t 3 of 4 3 nts (1) Accounts receivable (2) Accounts payable (3) Cash paid to purchase land (4) Supplies (5) Supplies expense (6) Cash collected for service to be provided in the future (7) Unearned revenue (8) Prepaid rent (9) Earned Revenue (10) Accrued salaries expense (11) Common stock (12) Dividends (13) Cash paid for prepaid rent (14) Retained earnings eBook Print eferences Which of the items listed above appear on the statement of cash flows?

  • Need help with this accounting problem. > Short Exercises S2-1 Identifying accounts Consider the following accounts...

    Need help with this accounting problem. > Short Exercises S2-1 Identifying accounts Consider the following accounts and identify each account as an asset (A), Liability (L), or equity (E). a. Notes Receivable f. Taxes Payable b. Common Stock g. Rent Expense c. Prepaid Insurance h. Furniture d. Notes Payable i. Dividends e. Rent Revenue j. Uncarned Revenue

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT