Homework Answers
| BS | 1 | Office Equipment |
| IS | 2 | Rent expense |
| BS | 3 | Unearned Fees Revenues |
| IS | 4 | Rent expense |
| BS | 5 | Accounts Payable |
| BS | 6 | Owner, Capital |
| IS | 7 | Fees Revenue |
| BS | 8 | Cash |
| BS | 9 | Notes Receivable |
| BS | 10 | Wages Payable |
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44. The following accounts appear on either the Income Statement (15) or Balance Sheet (BS). In...
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...
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...
prepare an income statement, statement of retained earnings, and balance sheet. Sharon Silver, Registered Dietician July...
prepare an income statement, statement of retained earnings,
and balance sheet.
Sharon Silver, Registered Dietician July 31, 2017 Account Titles Balance Dividends $2,300 Unearned Revenues $1,500 Utilities Expense $150 Cash $36,200 Office Supplies $1,800 Rent Expense $500 Accounts Receivable $9,100 Accounts Payable h# $3,300 Retained Earnings (Beginning Balance) $0 Salaries Expense $1,700 Prepaid Insurance $2,000 Equipment $13,000 Notes Payable $30,000 Common Stock $23,150 Service Revenue $8,800
prepare an Income statement, statement of owners equity, and balance sheet for the following .. Cash...
prepare an Income statement, statement of owners equity, and balance sheet for the following .. Cash 16,500 Accounts Receivable 10,450 Office Supplies 264 Prepaid Rent 880 Office Equipment 9,240 Accumulated Depreciation - Office Equipment 2,200 Accounts Payable 5,940 Notes Payable 11,000 Unearned Service Revenue 1,166 Interest Payable 550 Salaries Payable 330 B. Cooper, Capital 24,002 B. Cooper, Withdrawal 22,000 Service Revenue 76,604 Salaries Expense 49,730 Rent Expense 4,840 Utilities Expense 4,280 Office Supplies Expense 2,398 Depreciation Expense - Office Equipment...
Required Identify whether each of the following items would appear on the income statement (IS), statement...
Required 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. (Not all cells will require entry.) Statement Statement ces Item/Account a. Supplies b. Cash Flow from Financing Activities "As of Date Notation d. Ending Retained Earnings 0. Net Income 1. Dividends Net Change in...
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)...
Font Paragraph Styles Q1: Categorize the following accounts into the table below. Note that certain accounts...
Font Paragraph Styles Q1: Categorize the following accounts into the table below. Note that certain accounts may appear in multiple columns. Accounts Receivable Equipment Interest Income Maintenance Expense Owner's Equity, End. Balance Rent Revenue Unearned Revenue Withdrawals Accounts Payable Fuel Expense Interest Payable Merchandise Inventory Prepaid Expenses Salaries Expense Utilities Expense Advertising Expense Furniture Interest Receivable Notes Payable Prepaid Rent Salaries Payable Vehicle Building Cash Insurance Expense Interest Expense Investment by Owner Land Other Expenses Owner's Equity, Beg. Balance Profit/Loss...
Exercise 2-12 Financial Statement Classification statement-balance sheet (BS), income statement (IS), or retained earnings statement (RE)-on...
Exercise 2-12 Financial Statement Classification statement-balance sheet (BS), income statement (IS), or retained earnings statement (RE)-on which each of the following items would appear. 11. Land held for future expansion 12. Loan payable 13. Office supplies 1. Accounts payable 2. Accounts receivable 3. Advertising expense 4. Bad debt expense 5. Bonds payable 6. Buildings 7. Cash 8. Common stock 9. Depreciation expense 10. Dividends -14. Patent 15. Patent amortization expense 16. Prepaid insurance 17. Retained earnings 18. Sales 19. Utilities...
Classifying Accounts Balances for each of the following accounts appear in an adjusted trial balance. Identify...
Classifying Accounts Balances for each of the following accounts appear in an adjusted trial balance. Identify each as an asset, liability, revenue, or expense. 1. Accounts Receivable 2. Equipment Asset 3. Fees Earned Expense 4. Insurance Expense Liability 5. Prepaid Advertising Revenue 6. Prepaid Rent 7. Rent Revenue < 8. Salary Expense 9. Salary Payable 10. Supplies 11. Supplies Expense 12. Unearned Rent Income Statement, Net Loss The following revenue and expense account balances were taken from the ledger of...
Each of the following accounts would find its balance reported on either the income statement or...
Each of the following accounts would find its balance reported on either the income statement or balance sheet Required: For each account, indicate which of these financial statements the account's balance should be reported on. In addition, if the account's balance should be found on the balance sheet, further indicate if it is found in the asset, liability, or owners' equity section. There is only one possible answer for each account. Example: Cash = Balance Sheet-asset Utilities Expense Choose... Retained...
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...
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...
prepare an income statement, statement of retained earnings,
and balance sheet.
Sharon Silver, Registered Dietician July 31, 2017 Account Titles Balance Dividends $2,300 Unearned Revenues $1,500 Utilities Expense $150 Cash $36,200 Office Supplies $1,800 Rent Expense $500 Accounts Receivable $9,100 Accounts Payable h# $3,300 Retained Earnings (Beginning Balance) $0 Salaries Expense $1,700 Prepaid Insurance $2,000 Equipment $13,000 Notes Payable $30,000 Common Stock $23,150 Service Revenue $8,800
Required 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. (Not all cells will require entry.) Statement Statement ces Item/Account a. Supplies b. Cash Flow from Financing Activities "As of Date Notation d. Ending Retained Earnings 0. Net Income 1. Dividends Net Change in...
Font Paragraph Styles Q1: Categorize the following accounts into the table below. Note that certain accounts may appear in multiple columns. Accounts Receivable Equipment Interest Income Maintenance Expense Owner's Equity, End. Balance Rent Revenue Unearned Revenue Withdrawals Accounts Payable Fuel Expense Interest Payable Merchandise Inventory Prepaid Expenses Salaries Expense Utilities Expense Advertising Expense Furniture Interest Receivable Notes Payable Prepaid Rent Salaries Payable Vehicle Building Cash Insurance Expense Interest Expense Investment by Owner Land Other Expenses Owner's Equity, Beg. Balance Profit/Loss...
Exercise 2-12 Financial Statement Classification statement-balance sheet (BS), income statement (IS), or retained earnings statement (RE)-on which each of the following items would appear. 11. Land held for future expansion 12. Loan payable 13. Office supplies 1. Accounts payable 2. Accounts receivable 3. Advertising expense 4. Bad debt expense 5. Bonds payable 6. Buildings 7. Cash 8. Common stock 9. Depreciation expense 10. Dividends -14. Patent 15. Patent amortization expense 16. Prepaid insurance 17. Retained earnings 18. Sales 19. Utilities...
Classifying Accounts Balances for each of the following accounts appear in an adjusted trial balance. Identify each as an asset, liability, revenue, or expense. 1. Accounts Receivable 2. Equipment Asset 3. Fees Earned Expense 4. Insurance Expense Liability 5. Prepaid Advertising Revenue 6. Prepaid Rent 7. Rent Revenue < 8. Salary Expense 9. Salary Payable 10. Supplies 11. Supplies Expense 12. Unearned Rent Income Statement, Net Loss The following revenue and expense account balances were taken from the ledger of...
Each of the following accounts would find its balance reported on either the income statement or balance sheet Required: For each account, indicate which of these financial statements the account's balance should be reported on. In addition, if the account's balance should be found on the balance sheet, further indicate if it is found in the asset, liability, or owners' equity section. There is only one possible answer for each account. Example: Cash = Balance Sheet-asset Utilities Expense Choose... Retained...
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