4. Match the following items to the financial statement where they can be found. (Hint: Some...
4. Match the following items to the financial statement
where they can be found. (Hint: Some of the items can be
found on more than one financial statement.)
A. Balance sheet
B. Income statement
C. Statement of cash flows
D. Statement of owner’s equity
|
Item |
|
|
1. |
Withdrawals |
|
2. |
Revenues |
|
3. |
Supplies |
|
4. |
Land |
|
5. |
Accounts payable |
|
6. |
Accounts receivable |
|
7. |
Operating activities |
|
8. |
Wages expense |
|
9. |
Net income |
|
10. |
Cash |
Homework Answers
Matching
|
Item |
||
|
1. |
Withdrawals |
Statement of owner's equity |
|
2. |
Revenues |
Income statement |
|
3. |
Supplies |
Balance sheet |
|
4. |
Land |
Balance sheet |
|
5. |
Accounts payable |
Balance sheet |
|
6. |
Accounts receivable |
Balance sheet |
|
7. |
Operating activities |
Statement of cash flow |
|
8. |
Wages expense |
Income statement |
|
9. |
Net income |
Income statement, statement of owner's equity |
|
10. |
Cash |
Balance sheet |
Add Answer to:
4. Match the following items to the financial statement
where they can be found. (Hint: Some...
Question Completion Status: Match the following items to the financial statement where they can be found....
Question Completion Status: Match the following items to the financial statement where they can be found. (Hint: Some of the items can be found on more than one financial statement.) A Balance sheet B. Income statement C. Statement of cash flows D. Retained eamings statement Item Dividends Revenues Supplies Land Accounts payable Accounts receivable Operating activities Wages expense Net income 10 Cash TTTT Paragraph E Anal T3 (12pt) EEST T. t fr Mashups - Pathop Words:0
1. Determine the missing amount designated with an “X” for each of the following: Assets Liabilities...
1. Determine the missing amount designated with an “X” for each of the following: Assets Liabilities Owner’s Equity (a) $78,500 $37,600 X (b) X 53,280 $145,000 (c) 49,500 X 34,000 2. The accountant for Scott Industries prepared the following list of accounting equation element balances from the company’s records for the year ended December 31: Fees earned $165,000 Cash $30,000 Accounts receivable 14,000 Selling expenses 44,000 Equipment 64,000 Scott, capital 27,000 Accounts payable 12,000 Interest income 3,000 Salaries and wages...
1. Determine the missing amount designated with an “X” for each of the following: Assets Liabilities...
1. Determine the missing amount designated with an “X” for each of the following: Assets Liabilities Owner’s Equity (a) $78,500 $37,600 X (b) X 53,280 $145,000 (c) 49,500 X 34,000 2. The accountant for Scott Industries prepared the following list of accounting equation element balances from the company’s records for the year ended December 31: Fees earned $165,000 Cash $30,000 Accounts receivable 14,000 Selling expenses 44,000 Equipment 64,000 Scott, capital 27,000 Accounts payable 12,000 Interest income 3,000 Salaries and wages...
Match the items with the Financial Statements where the items are found. Hint: How many financial...
Match the items with the Financial Statements where the items are found. Hint: How many financial statements have we discussed in this class so far while studying chapter one. Owner's withdrawals are found Choose... on the Net income is found on the Choose... Assets are found on the Choose... Owner's capital is found on the Choose... Revenues Choose... are found on the
c. partnership d. governmental unit 58. Accumulated Depreciation appears on the a. balance sheet in the...
c. partnership d. governmental unit 58. Accumulated Depreciation appears on the a. balance sheet in the current assets section b. balance sheet in the property, plant, and equipment section c. balance sheet in the long-term liabilities section d. income statement as an operating expense 59. The first item appearing on the statement of owner's equity is a. net income b. the ending balance of owner's equity c. owner withdrawals d. the beginning balance of owner's equity What 60. In the...
1.Which of the following is not a principle financial statement? a. Group of answer choices b....
1.Which of the following is not a principle financial statement? a. Group of answer choices b. Income Statement c. Statement of Resources Owned d. Statement of Owner’s Equity e. Statement of Cash Flows f. Balance Sheet 2. Transactions affecting owner's equity include: a. owner's investments and payment of liabilities b. owner's investments and owner's withdrawals, revenues, and expenses c. owner's investments, revenues, expenses, and collection of accounts receivable d. owner's withdrawals, revenues, expenses, and purchase of supplies on account 3....
As of December 31, 2017 Armani Company's financial records show the following items and amounts. Cash...
As of December 31, 2017 Armani Company's financial records show the following items and amounts. Cash Accounts receivable Supplies Equipment Accounts payable A. Armani, Capital, Dec. 31, 2016 A. Armani, Capital, Dec. 31, 2017 A. Armani, Withdrawals Consulting revenue Rental revenue Salaries expense Rent expense Selling and administrative expenses $10,000 9,000 6,000 5,000 23,000 4,000 7,000 13,000 33,eee 22,000 20,000 12,000 8,000 Note: Early in 2017, the owner invested $1,000 cash in the business. Required: Prepare the 2017 year-end income...
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...
24-31 For each of the following items, indicate the financial statement where you are likely to...
24-31
For each of the following items, indicate the financial statement where you are likely to find each of the following accounts (It is possible to have an item on more than one statement): A. Income Statement B. Statement of Changes in Stockholders' Equity C. Balance Sheet D. None of the Above 24. Cash 25. Wages Payable 26. Insurance Expense 27. Service Revenue 28. Unearned Revenue 29. Dividends 30. Accounts Receivable 31. Retained Earnings (end)
Question Completion Status: Match the following items to the financial statement where they can be found. (Hint: Some of the items can be found on more than one financial statement.) A Balance sheet B. Income statement C. Statement of cash flows D. Retained eamings statement Item Dividends Revenues Supplies Land Accounts payable Accounts receivable Operating activities Wages expense Net income 10 Cash TTTT Paragraph E Anal T3 (12pt) EEST T. t fr Mashups - Pathop Words:0
Match the items with the Financial Statements where the items are found. Hint: How many financial statements have we discussed in this class so far while studying chapter one. Owner's withdrawals are found Choose... on the Net income is found on the Choose... Assets are found on the Choose... Owner's capital is found on the Choose... Revenues Choose... are found on the
c. partnership d. governmental unit 58. Accumulated Depreciation appears on the a. balance sheet in the current assets section b. balance sheet in the property, plant, and equipment section c. balance sheet in the long-term liabilities section d. income statement as an operating expense 59. The first item appearing on the statement of owner's equity is a. net income b. the ending balance of owner's equity c. owner withdrawals d. the beginning balance of owner's equity What 60. In the...
As of December 31, 2017 Armani Company's financial records show the following items and amounts. Cash Accounts receivable Supplies Equipment Accounts payable A. Armani, Capital, Dec. 31, 2016 A. Armani, Capital, Dec. 31, 2017 A. Armani, Withdrawals Consulting revenue Rental revenue Salaries expense Rent expense Selling and administrative expenses $10,000 9,000 6,000 5,000 23,000 4,000 7,000 13,000 33,eee 22,000 20,000 12,000 8,000 Note: Early in 2017, the owner invested $1,000 cash in the business. Required: Prepare the 2017 year-end income...
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...
24-31
For each of the following items, indicate the financial statement where you are likely to find each of the following accounts (It is possible to have an item on more than one statement): A. Income Statement B. Statement of Changes in Stockholders' Equity C. Balance Sheet D. None of the Above 24. Cash 25. Wages Payable 26. Insurance Expense 27. Service Revenue 28. Unearned Revenue 29. Dividends 30. Accounts Receivable 31. Retained Earnings (end)
Most questions answered within 3 hours.
-
After watching the lectures I am still having a hard time
understanding these equations.
1. The...
asked 58 minutes ago -
Testing:
H0:μ=56.9
H1:μ<56.9
Your sample consists of 23 subjects, with a mean of 56.3 and
standard...
asked 1 hour ago -
straight wire, labeled as Wire A, lies horizontally on a
tabletop and is oriented to run...
asked 1 hour ago -
For a Chi-Squared Goodness of Fit Test about a uniform
distribution, complete the table.
Round to...
asked 1 hour ago -
Milk of magnesia is only slightly soluble in water. Kc for the
reaction Mg(OHs)(s)>Mg2+(a) + 2OH-1(aq)...
asked 1 hour ago -
Excel's HYPGEOM.DIST function can be used to compute _____.
a. both hypergeometric probabilities and cumulative
hypergeometric...
asked 1 hour ago -
The rocket used for the human lunar missions was the Saturn V
rocket. At liftoff the...
asked 1 hour ago -
1. The East Street Bagel Shop has a weekly demand for 3,500
bagels, which they make...
asked 1 hour ago -
paraphrasing each paragraph
“Where two or more persons knowingly act together unlawfully,
the act of each...
asked 1 hour ago -
The lateral line system in fish is contained which of the
following?
chemoreceptors
photoreceptors
mechanoreceptors
odor...
asked 1 hour ago -
Find the y-intercept of y =-5 x. The y-intercept of y equals
negative 5 x is______...
asked 1 hour ago -
Customers arrive randomly at a gas station at the average rate
of 30 per hour, while...
asked 1 hour ago