ZuoTi.Pro
Question

Of the following list, which accounts are Balance Sheet, income statement, etc? Cash on Hand Checking...

Of the following list, which accounts are Balance Sheet, income statement, etc?
Cash on Hand
Checking
Savings
Accounts receivable
Warranty Receivable
New Motorcycle Inventory
New ATV Inventory
New Scooter Inventory
New Power Equipment Inventory
New Other Products Inventory
Used Motorcycle, AATV, Scooter I
Sublet Repairs-RO's in progress
Parts Inventory
Accessories Inventory
Service Machinery & Equipment
Accumulated Depreciation-Service
Parts & Accessories
Office Equipment & Fixtures
Company Vehicles and Rental Units
Leasehold Improvements
Accounts Payable - Trade
Accounts Payable - Sweep Acct
License & Registration Fees Payable
Customer Deposits
Gift Cards
Notes Payable - Flooring
Bank Overdraft
Payroll Payable
Sales Taxes Payable
Payroll Taxes Payable
Note Payable - SH 1
Note Payable - SH 2
Note Payable - SH 2 #2
Note Payable - SH 1 #2
Capital Stock
Additional Paid-In Capital
Retained Earnings
Sales
Cost of Sales
Finance & Insurance Profit Center
Demonstrator & Training Units
Delivery Expense
Policy Expense
Floor Plan Interest
Advertising
Compensation Owner's Supervisor
Other Salaries & Wages
Payroll Taxes
Employee Benefits
Company Vehicle Expense
Office Supplies & Stationary
Other Supplies & Tools
Contributions
Outside Services
Laundry & Uniforms
Travel
Meals & Entertainment
Membership, Dues & Subscriptions
Professional Services
Freight
Telephone
Postage
Training
Bad Debt
Electronic Data Processing
Insurance - Other
Taxes - Other
Depreciation - Other
Equipment - Repairs & Rentals
Other Administrative Expenses
Rent/Mortgage Interest
Repairs & Maintenance - Bldgs
Depreciation - Bldg & Improvements
Depreciation - Leasehold Improvements
Depreciation - Fence
Taxes - Real Estate
Insurance - Bldgs & Improvements
Heat, Light, Power, Water
Interest Earned
Other Income
Cash Discounts Allowed
Interest Expense.

business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Dear Student , please see allocation of item in respective head of Income Statement and balance sheet No value has been mentioned in the question .

Please check line by line . Any doubt , please drop message . I will get back to you

Thank you!!

Income Statement
Amnt($)
sales xxx
Less
Cash discount allowed xxx
Net Sals xxx
Less
Cost of goods sold xxx
Add- other Income xxx
Operating Profit xxx
Less - Other expenses
delivery Expenses xxx
Policy Expenses xxx
Advertisement xxx
Floor Plan Interest xxx
Compensation Owners Supervisor xxx
Oter salaries and wages xxx
Payroll taxes xxx
Emplpyee Benefit xxx
Company Vehicle Expenses xxx
Office supplies and stationary xxx
Other supplier & Tools xxx
contribution xxx
Outside service xxx
Laundy & Uniform xxx
Travel xxx
Meals and Entertainment xxx
membership , dues & Subscription xxx
Prefessional service xxx
Freight xxx
Telephone xxx
Postage xxx
Training xxx
bad debt xxx
Electronic data processing xxx
Insurance Others xxx
Taxes - others xxx
depreciation others xxx
Equipment Repair and rentals xxx
Other administratuve expenses xxx
Rent and mortage Interest xxx
Repair and maintenance Building xxx
depreciation - xxx
Bldg & improvement xxx
leasehold Improvements xxx
Fence xxx
Taxes - real estate xxx
Insurance- Bldg & Improvements xxx
Heat, lights , power , water xxx
Interest earned (xxx)
Interest Expenses xxx
net profit /(loss) xxx
Balance Sheet- As on dated ...
Asset Amnt($) Liability Amnt($)
Cash on hand xxx Account payable :-
Checking and savings xxx -Trade xxx
Account Receiavble xxx -Sweep act xxx
Warranty Receivable xxx -License & Registration fees payable xxx
Inventory xxx
new Motorcycle xxx Customer deposit xxx
New ATV xxx Gift cards xxx
New SCOOTER xxx Notes payable -Flooring xxx
New Power Equipment xxx Bank Overdraft xxx
New Other Product xxx payroll payable xxx
under Motorcycle ,AATV , Scooter xxx Sales Tax payable xxx
Sublet Repairs Roin progress parts Invetory xxx payroll Tax payable xxx
Accessories Inventory xxx Note Payable " xxx
xxx -SH1 xxx
Service Machiner & Equipment xxx -SH2 xxx
Less - Accumulated Depreciation - Service xxx -SH2 #2 xxx
Office Equipment & Fixture xxx -SH1 #2 xxx
Company Vehicle and Rental units xxx Equity xxx
Leasehold Improvement xxx capital Stock xxx
Additional Paid up capital xxx
Retained Earnings xxx
Add - current year Profit /(loss) xxx
Total Asset xxx Total Liability+ Equity xxx
0 0
Add a comment
Know the answer?
Add Answer to:
Of the following list, which accounts are Balance Sheet, income statement, etc? Cash on Hand Checking...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

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

  • Here is the adjusted trial balance. Based on these figures, what should the balance sheet look...

    Here is the adjusted trial balance. Based on these figures, what should the balance sheet look like? Vehicle Inc. Adjusted Trial Balance 6/30/2017 Account Name DR.CR. Cash               500.00 Checking           5,600.00 Savings           7,800.00 Accounts Receivable         90,000.00 Warranty Receivables               500.00 New Motorcycle Inventory       499,600.00 New ATV Inventory       293,500.00 New Scooter Inventory               300.00 New Power Equipment Inventory         19,300.00 New Other Products Inventory           7,900.00 Used Motorcycle, ATV, Scooter I         69,900.00 Sublet Repairs-RO's in Progress           5,100.00 Parts Inventory         24,500.00 Accessories Inventory       136,700.00 Service Machinery &...

  • Which ones are on the Income statement or Balance Sheet Cash Petty Cash Accounts Receivable Allowance...

    Which ones are on the Income statement or Balance Sheet Cash Petty Cash Accounts Receivable Allowance for Doubtful Accounts Notes Receivable Interest Receivable Inventory Supplies Inventory Prepaid Insurance Prepaid Rent Debt Investments Equity Investments Land Buildings Accum. Depr. - Buildings Equipment Accum. Depr. - Equipment Notes Payable Accounts Payable Salaries and Wages Payable Interest Payable Dividends Payable Long-term Notes Payable Common Stock Retained Earnings Dividends Income Summary Sales Revenue Sales Returns and Allowances Sales Discounts Cost of Goods Sold Advertising...

  • Multiple-step income statement and balance sheet The following selected accounts and their current balances appear in...

    Multiple-step income statement and balance sheet The following selected accounts and their current balances appear in the ledger of Kanpur Co. for the fiscal year ended June 30, 20Y7: Cash $109,100 Retained Earnings $480,800 Accounts Receivable 290,900 Dividends 65,300 Inventory 331,600 Sales 3,995,800 Estimated Returns Inventory 5,000 Cost of Goods Sold 2,311,300 Office Supplies 10,300 Sales Salaries Expense 649,900 Prepaid Insurance 8,000 Advertising Expense 178,700 Office Equipment 240,100 Depreciation Expense—    Store Equipment 34,800 Accumulated Depreciation—    Office Equipment 163,100 Miscellaneous Selling...

  • Problem 1-63A (Algorithmic) Income Statement, Retained Earnings Statement, and Balance Sheet The following information relates to...

    Problem 1-63A (Algorithmic) Income Statement, Retained Earnings Statement, and Balance Sheet The following information relates to Ashton Appliances for 2019. Accounts payable $16,800 Accounts receivable 70,300 Accumulated depreciation (building) 106,200 Accumulated depreciation (furniture) 27,600 Bonds payable (due in 7 years) 192,000 Building 300,000 Cash 41,450 Common stock 115,620 Cost of goods sold 511,350 Depreciation expense (building) 11,050 Depreciation expense (furniture) 12,000 Furniture 130,000 Income taxes expense 16,650 Income taxes payable 11,400 Insurance expense 36,610 Interest expense 15,500 Inventory 59,850 Other...

  • Multiple-step income statement and balance sheet The following selected accounts and their current balances appear in...

    Multiple-step income statement and balance sheet The following selected accounts and their current balances appear in the ledger of Kanpur Co. for the fiscal year ended June 30, 20Y7: Cash $125,300 Retained Earnings $552,500 Accounts Receivable 334,200 Dividends 75,100 Inventory 381,000 Sales 4,591,100 Estimated Returns Inventory 5,000 Cost of Goods Sold 2,655,600 Office Supplies 11,800 Sales Salaries Expense 746,800 Prepaid Insurance 9,100 Advertising Expense 205,400 Office Equipment 275,800 Depreciation Expense—    Store Equipment 40,000 Accumulated Depreciation—    Office Equipment 187,500 Miscellaneous Selling...

  • Create an individual Income Statement, Retained Earning, and Balance Sheet. 2 Classification of accounts as to...

    Create an individual Income Statement, Retained Earning, and Balance Sheet. 2 Classification of accounts as to where they go in the financial statements: IS = Income Statement 3 RE = Retained Earnings Statement 4 BS = Balance Sheet 5 RE (Begining balance) Dr. Cr. 24,100 910,000 2,000 14,000 105,000 155,000 301,000 2,000 8,000 23,000 90,000 5,000 7,100 9,000 3,000 XYZ Company Inc. Adjusted Trail Balance December 31, 2018 Account Retained carnings, January 1, 2018 Sales Unexpired (prepaid) insurance Depreciation expense-office...

  • (Review of financial​ statements)  A scrambled list of accounts from the income statement and balance sheet...

    (Review of financial​ statements)  A scrambled list of accounts from the income statement and balance sheet of​ Belmond, Inc. is found​ here: . a.  How much is the​ firm's net working​ capital? b.  Complete an income statement and a balance sheet for Belmond. c. If you were asked to respond to parts (a​)and (b​) as part of a training​ exercise, what could you tell your boss about the​ company's financial condition based on your​ answers? Inventory Common stock Cash Operating...

  • Using the chart of accounts in Figure 2-1, determine the changes to the balance sheet, income...

    Using the chart of accounts in Figure 2-1, determine the changes to the balance sheet, income statement, job cost ledger, and equipment ledger as the result of purchasing a new loader (Loader 3) to replace an existing loader (Loader 2). The new loader costs $115,200. The new loader will be paid for by trading in the existing loader for a credit of $15,200 and the remaining $100,000 will be financed through the dealership. The existing loader was purchased for $95,000...

  • me PR 6-5A Multiple-step income statement and balance sheet OBJ. 3 The following selected accounts and...

    me PR 6-5A Multiple-step income statement and balance sheet OBJ. 3 The following selected accounts and their current balances appear in the ledger of Clairemont Co. for the fiscal year ended May 31, 2019: $ 240,000 966,000 1,690,000 22,500 13,500 8,000 830,000 $ 100,000 11,343,000 7,850,000 916,000 550,000 Cash Accounts Receivable Merchandise Inventory Estimated Returns Inventory Office Supplies Prepaid Insurance Office Equipment Accumulated Depreciation Office Equipment Store Equipment Accumulated Depreciation- Store Equipment Accounts Payable Customer Refunds Payable Salaries Payable Note...

  • PR 5-5A Multiple-step income statement and balance sheet come The following selected accounts and their current...

    PR 5-5A Multiple-step income statement and balance sheet come The following selected accounts and their current balances appear in the ledger of Obj. 3 3.400 Clairemont Co, for the fiscal year ended May 31, 2018: Cash $ 240,000 Retained Earnings Accounts Receivable $ 2,949,100 966,000 Dividends LEDGE Inventory 100,000 1,690,000 Sales Estimated Returns Inventory 11,343,000 22,500 Cost of Goods Sold Office Supplies 7,850,000 13,500 Sales Salaries Expense 916,000 Prepaid Insurance 8,000 Advertising Expense 550,000 Office Equipment 830,000 Depreciation Expense- Accumulated...

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