Question

W WileyPLUS e Selem Sonuncements H AVP I S Financial Accounting, Seventh Canadian Edition by Kimmel, Weygandt, Kieso, Trenholm, Irvine, and Burnley You are presented with the following alphabetical list of itents, selected from the financial statements of Saputo Inc. SSIGNMENT RESOURCES WileyPLUS Assignment 2 Chapter For each of the below accounts, identify the following: BE PETUS- Problem Submission (a) the type of account Cassets, liabilities, shareholders' equity Ispedy common shares, dividends, revenues, or expenses) (b) the normal balance of the account and (c) on which financial statement income statement, statement of changes in equity, statement of Finandal position) saputo Bus Type of account Normal Balance Financial Statement Review Score Review Results by Study Bank loans payable abilities Credit Statement of Financial Position Buildings Assets Debit Statement of Financial Position Cash Debit Statement of Financial Position Depreciation expense Expenses Crest Dividends declared Statement of Financial Post Finance Income Furniture, machinery, and equipment As Statement of Financial Position Income tax expense Income statement Income tax payable Statement of anal Fusion Interest expense HE Type here to search o e

Answer 1

						(a)	(b)	c)
	Account					Type of account	Normal balance	Financial statement
	Bank loans payable					Liabilities	Credit	Statement of financial position
	Buildings					Assets	Debit	Statement of financial position
	Cash					Assets	Debit	Statement of financial position
	Depreciation expense					Expenses	Debit	Income statement
	Dividends declared					Dividends	Debit	Statement of changes in equity
	Finance income					Revenues	Credit	Income statement
	Furniture,machinery and equipment					Assets	Debit	Statement of financial position
	Income tax expense					Expenses	Debit	Income statement
	Income taxes payable					Liabilities	Credit	Statement of financial position
	Interest expense					Expenses	Debit	Income statement
	Inventories					Assets	Debit	Statement of financial position
	Prepaid expenses					Assets	Debit	Statement of financial position
	Receivables					Assets	Debit	Statement of financial position
	Revenues					Revenues	Credit	Income statement
	I appreciate your ratings