Question
State whether each of the following is a balance sheet, income statement, or a statement of retained earnings
Indicat would appear on. e from the drop down menu which financial statement each of the following accounts Rent Expense Accounts Receivable Supplies Dividends Rent Revenue Accounts Payable Supplies Expense Retained Earnings Cash Common Stock Salary Expense
0 0
Add a comment Improve this question Transcribed image text
Answer #1
Rent expense Income statement
Accounts receivable Balance sheet
Supplies Balance sheet
Dividend Retained earnings
Rent revenue Income statement
Accounts payable Balance sheet
Supplies expense Income statement
Retaiend earnings Balance sheet
Cash Balance sheet
Common stock Balance sheet
Salary expense Income statement
Add a comment
Know the answer?
Add Answer to:
State whether each of the following is a balance sheet, income statement, or a statement of...
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
  • State whether each of the following is an asset, liability, equity, revenue, or expense accountingpass.com Solved:...

    State whether each of the following is an asset, liability, equity, revenue, or expense accountingpass.com Solved: Identifying debit and credit balancesRequiredindicat Question #1 Indicate from the drop down menu what type of account the item is. Accounts Receivable Retained Earnings Salary Expense Common Stock Rent Expense Supplies Expense Rent Revenue Dividends Accounts Payable 5 Supplies Cash Submit Question 0 of 5 Attempts Used!

  • Indicate in which financial statement(s) each item would most likely appear, by selecting income statement (1),...

    Indicate in which financial statement(s) each item would most likely appear, by selecting income statement (1), balance sheet (B), statement of retained earnings (E), or Statement of cash flows (CF) from the drop down provided. Postage expense b. Common stock c. Dividends d. Rent expense e. Note payable f. Supplies expense g. Supplies h. Insurance expense i. Equipment Indicate whether a debit or credit decreases the normal balance of each of the following accounts. Decrease Normal Balance a. c. e....

  • Income Statement and Balance Sheet The following information for Rogers Enterprises is available at December 31,...

    Income Statement and Balance Sheet The following information for Rogers Enterprises is available at December 31, 2019, and includes all of Rogers' financial statement amounts except retained earnings: Accounts receivable $72,920 Cash 13,240 Common stock (10,000 shares) 65,000 Income taxes expense 13,000 Income taxes payable 4,150 Interest expense 16,500 Notes payable (due in 10 years) 25,000 Prepaid rent (building) 31,500 Property, plant, and equipment 90,000 Rent expense 135,000 Retained earnings ? Salaries expense 235,200 Salaries payable 15,710 Service revenue 464,000...

  • State whether the following are on the balance sheet or the income statement, and state if...

    State whether the following are on the balance sheet or the income statement, and state if it is an asset, liability, or stockholders' equity. Accounts Receivable          250,000                           Accounts Payable              260,000 Capital Surplus                  100,000                           Cash                                190,000 Common Stock                 300,000                           Costs                               640,000 Depreciation Expense          40,000                          Dividends                         97,500 Net Furniture & Fixtures     200,000                           Goodwill                          180,000 Interest Expense               50,000                          Inventory                         175,000       Land                                305,000                           Line of Credit (used)          200,000       Long Term Loan               340,000                           Retained Earnings                 ?              Sales                               980,000                           Tax rate                              21%

  • Indicate in the space provided by each item whether it would appear on the income statement,...

    Indicate in the space provided by each item whether it would appear on the income statement, balance sheet, or retained earnings statement: Service Revenue (Choose] Utilities Expense (Choose) (Choose] Accounts Payable (Choose) Supplies (Choose] Salaries and Wages Expense (Choose ] Accounts Receivable (Choose] Common Stock (Choose) Equipment (Choose) Advertising Expense (Choose] Dividends (Choose) Notes Payable (Choose]

  • 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...

  • Prepare an Income Statement, Statement of Retained Earnings, and Balance Sheet using the following information. Credit...

    Prepare an Income Statement, Statement of Retained Earnings, and Balance Sheet using the following information. Credit (CR) Debit (DR) 11,000 Cash 5,000 23,500 4,000 12,000 4,000 2,500 3,800 60,000 32,000 29,500 21,000 Accounts Payable Accounts Receviable Rent Expense Unearned Revenue Depreciation Expense Prepaid Insurance Supplies Expense Equipment Accumulated Depreciation - Equipment Cost of Goods Sold Merchandise Inventory Notes Payable Salary Payable Buildings Interest Payable Sales Revenue Interest Expense Supplies Accumulated Depreciation - Buildings Prepaid Insurance Common Stock Retained Earnings Dividends...

  • Prepare the Statement of Retained Earnings from the Adjusted Trial Balance and Income Statement. Within each...

    Prepare the Statement of Retained Earnings from the Adjusted Trial Balance and Income Statement. Within each section of the statement, use the drop-down menus to enter the accounts in Chart of Accounts order and select the account balances. Prepare the Statement of Retained Earnings from the Adjusted Trial Balance and Income Statement. Within each section of the statement, use the drop-down menus to enter the accounts in Chart of Accounts order and select the account balances. SMART TOUCH LEARNING SMART...

  • Prepare a Trial Balance, Multi Step Income Statement, Retained Earnings Statement, and Classified Balance Sheet the...

    Prepare a Trial Balance, Multi Step Income Statement, Retained Earnings Statement, and Classified Balance Sheet the values needed are all the way on the left in the photo. i started the trial balance (the green chart) but could not get both sides to equal. ACCT 251 EXCEL ASSIGNMENT - PREPARING FINANCIAL STATEMENTS IN EXCEL (see instructions tab for detailed instructions) Prepare a multi-step income statement: Prepare a retained earnings statement: Prepare a classified balance sheet: 1,001,360 101,360 591,680 Service Revenue...

  • For the following corporation ABC, prepare Income statement, Retained Earnings statement, and Balance sheet statement from...

    For the following corporation ABC, prepare Income statement, Retained Earnings statement, and Balance sheet statement from the following information data for the year ended Dec,31, 2018. Service revenue $51000 Account receivable $12000 Accounts payable $6000 Building rental expenses $27000 Notes payable $15000 Common stock $30000 Retained earnings ? Equipment $48000 Insurance expense $3000 Supplies $3600 Supplies expense $600 Cash $6000 Dividends $1800

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