Homework Answers
Answer:
Option A)1,2,4,7,8,11 and 14.
Rest all are profit are profit & loss account.
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Assessment 1: The following items were drawn... points Skipped The following items were drawn from a...
Assessment 2: The following items were drawn.. ats Skipped The following items were drawn from a...
Assessment 2: The following items were drawn.. ats Skipped The following items were drawn from a company's accounting records: (1) Accounts receivable (2) Accounts payable (3) Cash paid to purchase land eBook (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 Which of the items listed...
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?
3. of 4 (1) Accounts receivable (2) Accounts payable (3) Cash paid to purchase land (4)...
3. of 4 (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 k k ces Which of the items listed above appear on the income statement?
EX 4-1 Flow of accounts into financial statements OBJ. 1, 2 The balances for the accounts...
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)...
Identify each of the following accounts as a revenue, expense, asset, liability, or equity by placing...
Identify each of the following accounts as a revenue, expense, asset, liability, or equity by placing initials (R, Exp. A, L or Eq) in the blanks. Place your answers on the data sheet. (1) Owner, capital (2) Accounts Receivable (3) Owner, drawings Sales (5) Service Revenue (6) Rent Expense (7) Equipment (8) Prepaid Insurance (9) Accounts Payable (10) Supplies (11) Cash (12) Unearned Revenue The following accounts appear on either the Income Statement (IS) or Balance Sheet (BS). In the...
02 Exercises The balances for the accounts that follow appear in the Adjusted Trial Bal of...
02 Exercises The balances for the accounts that follow appear in the Adjusted Trial Bal of the Obi 1,2 lance columns account would flow into the EX 4-1 Flow of accounts into financial statements end-of-period spreadsheet. Indicate whether each earnings statement, or balance sheet. e stat 1. Accounts Payable 85 6. Supplies & Accounts Receivable 3. Cash 8S 4. Dividends e s fres amed S 7. Unearned Rent 8. Utilities Expense 9. Wages Expense TS 10. Weges Payable Obj. 1,...
--/10 Question 6 View Policies Current Attempt in Progress Below are some items found in the...
--/10 Question 6 View Policies Current Attempt in Progress Below are some items found in the financial statements of Petra Zizler. Orthodontist. Indicate (a) whether each of the above items is an asset, liability, or part of owner's equity: and (b) which financial statement-income statement statement of owner's equity, or balance sheet-it would be reported on. The first one has been done for you as an example (a) (b) 1 Accounts payable Liability Balance Sheet 2. Accounts receivable abili 3...
Brief Exercise 1-25 Balance Sheet Below are items that may appear on the balance sheet. Required:...
Brief Exercise 1-25 Balance Sheet Below are items that may appear on the balance sheet. Required: Match each item with its appropriate classification. Item Classification 1. Buildings Property, plant, and equipment 2. Copyright Intangible assets 3. Supplies 4. Unearned service revenue 5. Prepaid insurance 6. Common stock 7. Rent payable 8. Accounts receivable 9. Allowance for doubtful accounts 10. Bonds payable Current assets Property, plant, and equipment Intangible assets Current liabilities Long-term liabilities Contributed capital Retained earnings
Classification of Financial Statement Items Classify each of the following items according to: 1. whether it...
Classification of Financial Statement Items Classify each of the following items according to: 1. whether it belongs on the income statement or balance sheet and 2. whether it is a revenue, expense, asset, liability, or stockholders' equity item. Item Appears on the Classified as Example: Cash Balance sheet Asset 1. Salaries expense 2. Equipment 3. Accounts payable 4. Membership fees earned 5. Capital stock 6. Accounts receivable 7. Buildings 8. Advertising expense 9. Retained earnings
The items below are taken from a financial statement at December 31, 2019. Indicate on which...
The items below are taken from a financial statement at December 31, 2019. Indicate on which statement – income statement (IS), Balance Sheet/Statement of Financial Position (BS), Statement of Changes in Equity (SCE) or Statement of cash flows (SCF) – you would find each of the below accounts or items. Note: please choose one answer for each item (i.e. some may appear on more than one statement). Account IS, BS, SCE, SCF 1 Accounts payable 2 Cash 3 Dividends 4...
Assessment 2: The following items were drawn.. ats Skipped The following items were drawn from a company's accounting records: (1) Accounts receivable (2) Accounts payable (3) Cash paid to purchase land eBook (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 Which of the items listed...
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?
3. of 4 (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 k k ces Which of the items listed above appear on the income statement?
Identify each of the following accounts as a revenue, expense, asset, liability, or equity by placing initials (R, Exp. A, L or Eq) in the blanks. Place your answers on the data sheet. (1) Owner, capital (2) Accounts Receivable (3) Owner, drawings Sales (5) Service Revenue (6) Rent Expense (7) Equipment (8) Prepaid Insurance (9) Accounts Payable (10) Supplies (11) Cash (12) Unearned Revenue The following accounts appear on either the Income Statement (IS) or Balance Sheet (BS). In the...
02 Exercises The balances for the accounts that follow appear in the Adjusted Trial Bal of the Obi 1,2 lance columns account would flow into the EX 4-1 Flow of accounts into financial statements end-of-period spreadsheet. Indicate whether each earnings statement, or balance sheet. e stat 1. Accounts Payable 85 6. Supplies & Accounts Receivable 3. Cash 8S 4. Dividends e s fres amed S 7. Unearned Rent 8. Utilities Expense 9. Wages Expense TS 10. Weges Payable Obj. 1,...
--/10 Question 6 View Policies Current Attempt in Progress Below are some items found in the financial statements of Petra Zizler. Orthodontist. Indicate (a) whether each of the above items is an asset, liability, or part of owner's equity: and (b) which financial statement-income statement statement of owner's equity, or balance sheet-it would be reported on. The first one has been done for you as an example (a) (b) 1 Accounts payable Liability Balance Sheet 2. Accounts receivable abili 3...
Brief Exercise 1-25 Balance Sheet Below are items that may appear on the balance sheet. Required: Match each item with its appropriate classification. Item Classification 1. Buildings Property, plant, and equipment 2. Copyright Intangible assets 3. Supplies 4. Unearned service revenue 5. Prepaid insurance 6. Common stock 7. Rent payable 8. Accounts receivable 9. Allowance for doubtful accounts 10. Bonds payable Current assets Property, plant, and equipment Intangible assets Current liabilities Long-term liabilities Contributed capital Retained earnings
Classification of Financial Statement Items Classify each of the following items according to: 1. whether it belongs on the income statement or balance sheet and 2. whether it is a revenue, expense, asset, liability, or stockholders' equity item. Item Appears on the Classified as Example: Cash Balance sheet Asset 1. Salaries expense 2. Equipment 3. Accounts payable 4. Membership fees earned 5. Capital stock 6. Accounts receivable 7. Buildings 8. Advertising expense 9. Retained earnings
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