Matching
Listed below are various accounts which can be found on the financial statements.
For each account listed, identify the applicable financial statement on which the account will be presented (Balance Sheet, Income Statement or Statement of Owner's Equity).
Premises:
Delivery Truck
Salaries payable
Telephone expense
Consulting fees earned
Accounts Receivable
Note payable
Sales
Bank loan payable
Interest Revenue
Supplies expense
Unearned Revenue
Rental Income
Cash
Commission revenue
Prepaid expenses
Building
Accounts Payable
Owners investment
Owners drawings
Insurance expense
Responses:
Statement of Owner's Equity
Income Statement
Balance Sheet
Correct Answer:
Premises:
Responses:
Delivery Truck
Salaries payable
Telephone expense
Consulting fees earned
Accounts Receivable
Note payable
Sales
Bank loan payable
Interest Revenue
Supplies expense
Unearned Revenue
Rental Income
Cash
Commission revenue
Prepaid expenses
Building
Accounts Payable
Owners investment
Owners drawings
Insurance expense
Premises:
Delivery Truck
Salaries payable
Telephone expense
Consulting fees earned
Accounts Receivable
Note payable
Sales
Bank loan payable
Interest Revenue
Supplies expense
Unearned Revenue
Rental Income
Cash
Commission revenue
Prepaid expenses
Building
Accounts Payable
Owners investment
Owners drawings
Insurance expense
Responses:
Related Questions
Q80: Accounts payable is the asset created when
Q81: Ethics are critical in the preparation of
Q82: A Balance Sheet can also be called
Q83: In a situation with an ethical consideration,
Q84: Payment of a liability for an expense
Q86: Revenues, in a proprietorship, are<br>A) the cost
Q87: Listed below are various types of organizations.<br>1.
Q88: If the owner's equity account increases from
Q89: If expenses, in a proprietorship, are paid
Q90: Which of the following is an example