The items below are taken from a financial statement at December 31, 2019. Indicate on which...
The items below are taken from a financial statement at December 31, 2019. Indicate on which statement – income statement (IS), Balance Sheet/Statement of Financial Position (BS), Statement of Changes in Equity (SCE) or Statement of cash flows (SCF) – you would find each of the below accounts or items.
Note: please choose one answer for each item (i.e. some may appear on more than one statement).
| Account | IS, BS, SCE, SCF | |
| 1 | Accounts payable | |
| 2 | Cash | |
| 3 | Dividends | |
| 4 | Equipment | |
| 5 | Note receivable | |
| 6 | Retained earnings, January 1, 2019 | |
| 7 | Prepaid expenses | |
| 8 | Unearned revenue | |
| 9 | Salaries expense | |
| 10 | Service Revenue |
Homework Answers
| 1 | Accounts payable - BS | |
| 2 | Cash - BS | |
| 3 | Dividends - SCE and SCF | |
| 4 | Equipment - BS | |
| 5 | Note receivable - BS | |
| 6 | Retained earnings, January 1, 2019 - SCE | |
| 7 | Prepaid expenses - BS | |
| 8 | Unearned revenue- BS | |
| 9 | Salaries expense - IS | |
| 10 | Service Revenue - IS |
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