Issuance of stock- other changes to stockholders equity
Prepaid insurance- others- Assets
Rent expenses-Expense
Listed below are three items. Required: Classify each of the items as Revenue, Expense, Other Changes...
Listed below are three items. Required: Classify each of the items as Revenue, Expense, Other Changes to Stockholders' Equity (other than revenue or expense), or None of these: Revenue Expense Other Changes to Stockholders Equity None of These Supplies Expense Accounts Payable ooo ooo ololo oo Service Revenue Check Save For Later Subr 2019 McGraw Hill Educon All Rights Reserved. Term MacBook Pro
Classify the following items as issuance of stock, dividends, revenues, or expenses. Then indicate whether each item increases or decreases stockholders' equity 1. Dividends is it stockholders' equity. 2. Rent Revenue is it stockholders' equity. 3. Advertising Expense is a(n) it stockholders' equity. it stockholders' equity. 4. Stockholders invest cash in the business, it is
For the items listed below, indicate whether the item is an asset, liability, stockholders' equity, or income statement item Stockholders' Equity Asset Liability 1. Rent Expense 2. Equipment 3. Accounts Payable 4. Common Stock 5. Insurance Expense 6. Cash 7. Accounts Receivable Stockholders' Equity Stockholders' Equity Asset 8. Retained Earnings Stockholders Equity 9. Service Revenue Stockholders Equity 10. Notes Payable
Classify the following items as: (1) prepaid expense, (2) unearned revenue, (3) accrued expense, or (4) accrued revenue. a. Fees received but not yet earned. b. Fees earned but not yet received. C. Paid premium on a one-year insurance policy. d. Property tax owed to be paid beginning of next year. Accrued expense Accrued revenue Prepaid expense Unearned revenu
For each account listed, write the type of account (Asset, Liability, Equity, Revenue or Expense) and what statement it goes on (Income Statement, Statement of Retained Earnings or Balance Sheet) Account Name Account Type Statement Cash Accounts Payable Accounts Receivable Prepaid Insurance Unearned Revenue Rent Payable Rent Salaries Utilities Sales Fees Earned Common Stock Retained Earnings (Beginning Balance) Retained Earnings (Ending Balance) Inventory Supplies Supplies Expense Dividends Insurance Buildings
Classifying Types of Adjustments Classify the following items as (a) accrued revenue, (b) accrued expense, (c) unearned revenue, or (d) prepaid expense: 1. Bill for ads that appeared in prior month's local newspaper. 2. Fees received but not yet earned. 3. Fees earned but not yet received. 4. Premium paid on a one-year insurance policy. 5. Rent received in advance for rental of office space. 6. Supplies on hand. 7. Rent paid in advance. 8. Wages owed but payable in...
QUESTION 15 Match each of the following accounts with its proper account group from groups listed below. Unearned Rent Prepaid Insurance Fees Earned a. Assets b. Liabilities c. Stockholders' Equity d. Revenue e. Expenses Patents Dividends QUESTION 16 Match the following items to the financial statement where they can be found. (Hint: Some of the items can be found on more Click Save and Submit to save and submit. Click Save All Answers to save all answers.
Identify the financial statements in which you would find each of the items listed below. Some items may appear on more than one statement. Indicate all financial statements that apply to each item. The possible choices are: B : Balance Sheet SE : Statement of Stockholders’ Equity I : Income Statement CF : Statement of Cash Flows Financial Statement Item Financial Statement a. Cost of goods sold b. Trademarks c. Inventories d. Retained earnings e. Unearned revenue f. Cash...
What Items are presented on the statement of changes in stockholders' equity? (Select all that apply.) Check all that apply. Net income Revenue Dividends Expense Ending retained earnings Assets Notes payable Total stockholders' equity Cash I Land Beginning common stock - Liabilities
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