Homework Answers
Question 5.3
1.Interest Revenue - A, 2. Dividends Payable - B , 3.Supplies - B ,4. Bonds Payable - B, 5.Jones , Capital - D.,
6.Additional Paid in Capital - B., 7. Loss on sale of Equipment - A ,8.Copyrights - B, 9 .Prepaid Insurance - B,
10.Insurance Expense - A.
Question 5.4
1.Accounts Receivable - B, 2.Unearned Revenue - B , 3.Treasury Stock - D.,4.Copyrights - B.,5.Amortization expense - A ,
6.Accounts Payable - B, 7.Preferred Stock - D,. 8.Trucks - B, 9.Gain on sale of Equipment - A , 10.Investment in Common Stock - B.
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5-3. Financial Statements. hich it would For each of the following accounts be found in the...
CALCULATOR Question 17 Listed below are some items found in the financial statements of Tony Gruber...
CALCULATOR Question 17 Listed below are some items found in the financial statements of Tony Gruber Co. Indicate in which financial statement(s) the following items would appear FULL SCREEN PRINTER VERSION a. Service revenue. b. Equipment. c. Advertising expense. Income Statement and Retained Earnings Statement Balance Sheet Owner's Equity Statement Balance Sheet and Owner's Equity Statement Income Statement d. Accounts receivable. e. Owner's capital. f. Salaries and wages payable. Click if you would like to Show Work for this question:...
Excersise 2.26 a sla D. Prepare Exercise 2-26 Required Relationship of accounts to financial statements Identify...
Excersise 2.26
a sla D. Prepare Exercise 2-26 Required Relationship of accounts to financial statements 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. If an item would not appear on any financial statement, label it NA. a. Supplies b. Cash Flow from Financing...
Identify the financial statements in which you would find each of the items listed below. Some...
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...
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...
5-11. Financial Statements. From an adjusted trial balance, you are given the following accounts in alphabetical...
5-11. Financial Statements. From an adjusted trial balance, you are given the following accounts in alphabetical order. On the columnar papers following, create a multi-step Income Statement, a Statement of Retained Earnings, and a classified Balance Sheet in good form. Your Tum, Inc. Account Listing For the year ended June 30, 2027 8,562 18,128 6,000 12,300 500 50,000 74.729 83,950 I Accounts Payable Accounts Receivable Accumulated Depreciation: Truck Additional Paid-In Capital Amortization Expense Bonds Payable Cash Common Stock Cost of...
5-11. Financial Statements from an adjusted trial balance you are given the following accounts in alphabetical...
5-11. Financial Statements from an adjusted trial balance you are given the following accounts in alphabetical order. On the columnar nan follow e columnar papers following create a multi-step Income Statement, a Statement of Retained Earnings, and a classified Balance Sheet in good form. Your Tum, Inc. Account Listing For the year ended June 30, 2027 8,562 18.128 6,000 12,300 500 50,000 74,729 83.950 Accounts Payable Accounts Receivable Accumulated Depreciation: Truck Additional Paid-In Capital Amortization Expense Bonds Pavable Cash Common...
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...
Oakley, Inc., reported the following items in its financial statements. For each item, select (1) the...
Oakley, Inc., reported the following items in its financial statements. For each item, select (1) the type of account and (2) whether it is reported on the income statement (/S), statement of retained earnings (SRE), and/or balance sheet (B/S). (1) Type (2) Statement 2. Common Stock IS 3. Sales Revenue /s Asset Dividend Expense Liability /S 5. Cash 6. Notes Payable 7. Accounts Payable 8. Retained Earnings, Beginning of Year rs RE
E5.3 (L01, 2) (Classification of Statement of Financial Position Accounts) Assume that Masters Enterprises uses the...
E5.3 (L01, 2) (Classification of Statement of Financial Position Accounts) Assume that Masters Enterprises uses the following headings on its statement of financial position. a. Investments b. Property, plant, and equipment. c. Intangible assets. d. Other assets. e. Current assets. f. Non-current liabilities. g. Current liabilities. h. Share capital i. Share premium j. Retained earnings. k. Accumulated other comprehensive income. Instructions Indicate by letter how each of the following usually should be classified. If an item should appear in a...
CALCULATOR Question 17 Listed below are some items found in the financial statements of Tony Gruber Co. Indicate in which financial statement(s) the following items would appear FULL SCREEN PRINTER VERSION a. Service revenue. b. Equipment. c. Advertising expense. Income Statement and Retained Earnings Statement Balance Sheet Owner's Equity Statement Balance Sheet and Owner's Equity Statement Income Statement d. Accounts receivable. e. Owner's capital. f. Salaries and wages payable. Click if you would like to Show Work for this question:...
Excersise 2.26
a sla D. Prepare Exercise 2-26 Required Relationship of accounts to financial statements 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. If an item would not appear on any financial statement, label it NA. a. Supplies b. Cash Flow from Financing...
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...
5-11. Financial Statements. From an adjusted trial balance, you are given the following accounts in alphabetical order. On the columnar papers following, create a multi-step Income Statement, a Statement of Retained Earnings, and a classified Balance Sheet in good form. Your Tum, Inc. Account Listing For the year ended June 30, 2027 8,562 18,128 6,000 12,300 500 50,000 74.729 83,950 I Accounts Payable Accounts Receivable Accumulated Depreciation: Truck Additional Paid-In Capital Amortization Expense Bonds Payable Cash Common Stock Cost of...
5-11. Financial Statements from an adjusted trial balance you are given the following accounts in alphabetical order. On the columnar nan follow e columnar papers following create a multi-step Income Statement, a Statement of Retained Earnings, and a classified Balance Sheet in good form. Your Tum, Inc. Account Listing For the year ended June 30, 2027 8,562 18.128 6,000 12,300 500 50,000 74,729 83.950 Accounts Payable Accounts Receivable Accumulated Depreciation: Truck Additional Paid-In Capital Amortization Expense Bonds Pavable Cash Common...
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...
Oakley, Inc., reported the following items in its financial statements. For each item, select (1) the type of account and (2) whether it is reported on the income statement (/S), statement of retained earnings (SRE), and/or balance sheet (B/S). (1) Type (2) Statement 2. Common Stock IS 3. Sales Revenue /s Asset Dividend Expense Liability /S 5. Cash 6. Notes Payable 7. Accounts Payable 8. Retained Earnings, Beginning of Year rs RE
E5.3 (L01, 2) (Classification of Statement of Financial Position Accounts) Assume that Masters Enterprises uses the following headings on its statement of financial position. a. Investments b. Property, plant, and equipment. c. Intangible assets. d. Other assets. e. Current assets. f. Non-current liabilities. g. Current liabilities. h. Share capital i. Share premium j. Retained earnings. k. Accumulated other comprehensive income. Instructions Indicate by letter how each of the following usually should be classified. If an item should appear in a...
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