Question

02 Exercises The balances for the accounts that follow appear in the Adjusted Trial Bal of the Obi 1,2 lance columns account would flow into the EX 4-1 Flow of accounts into financial statements end-of-period spreadsheet. Indicate whether each earnings statement, or balance sheet. e stat 1. Accounts Payable 85 6. Supplies & Accounts Receivable 3. Cash 8S 4. Dividends e s fres amed S 7. Unearned Rent 8. Utilities Expense 9. Wages Expense TS 10. Weges Payable

Answer 1

EX 4-1

	Account	Financial Statement
1	Accounts Payable	Balance Sheet
2	Accounts Receivable	Balance Sheet
3	Cash	Balance Sheet
4	Dividends	Retained Earnings
5	Fees Earned	Income Statement
6	Supplies	Balance Sheet
7	Unearned Rent	Balance Sheet
8	Utilities Expense	Income Statement
9	Wages Expense	Income Statement
10	Wages Payable	Balance Sheet

EX 4-2

	Account	Classification
1	Accounts Receivable	A
2	Equipment	A
3	Fees Earned	C
4	Insurance Expense	D
5	Prepaid Advertising	A
6	Prepaid Rent	A
7	Rent Revenue	C
8	Salary Expense	D
9	Salary Payable	B
10	Supplies	A
11	Supplies Expense	D
12	Unearned Rent	B