Indicate in the space provided by each item whether it would appear on the income statement (IS), balance sheet (BS), or retained earnings statement (RE): a. Prepaid Rent 9.- Accounts Receivable Cash h. - Building -Dividends 1 Common Stock b. - C. -----
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- Identify whether each of the following accounts would be considered a permanent account (yes/no) and which financial statement it would be reported on (Balance Sheet, Income Statement, or Retained Earnings Statement). A. Common Stock B. Dividends C. Dividends Payable D. Equipment E. Income Tax Expense F. Income Tax Payable G. Service Revenue H. Unearned Service Revenue I. Net IncomeIdentify the financial statement on which each of the following account categories would appear: the balance sheet (BS), the income statement (IS), or the retained earnings statement (RE). Table 3.21Which of the following accounts is increased by a debit?A. Common StockB. Accounts PayableC. SuppliesD. Service Revenue
- 10. Match the account headings to the relevant headings of the balance sheet where they will be reflected. 1. tax payable 2. inventory 3. goodwill 4. retained earnings P Type here to search NWhich of the following pairs increase with credit entries?A. supplies and retained earningsB. rent expense and unearned revenueC. prepaid rent and common stockD. unearned service revenue and accounts payableIndicate in the space provided by each item whether it would appear on the income statement (IS), balance sheet (BS), or retained earnings statement (RE): a. _____ Service Revenue g. __ Accounts Receivable b. _____ Utilities Expense h.___ Common Stock c. _____ Cash i. ___ Equipment d. _____ Accounts Payable j. ___ Advertising Expense e. _____ Supplies k. ___ Dividends f. _____ Salaries and Wages Expense l. ___ Notes Payable
- Identify the financial statement on which each of the following accounts would appear: the income statement (IS), the owner's equity statement (OES), or the Balance Sheet (BS). Insurance Expense [ Select] [ Select ] OES Accounts Receivabl BS IS Notes Payable [ Select] >Which set of accounts has the same type of normal balance?A. Cash, accounts payableB. Prepaid rent, unearned service revenueC. Dividends, common stockD. Accounts payable, retained earningsWhich of the following groups of accounts increase with a credit? Oa. assets, common stock, revenues Ob. common stock, revenues, expenses Oc. liabilities, common stock, revenues
- Indicate in the space provided by each item whether it would appear on the income statement (IS), balance sheet (BS), or retained earnings statement (RE): a. Prepaid Rent g. --- Accounts Receivable b. Cash h. ----- Building C. --Dividends Common Stock d. Accounts Payable Patents е. Supplies Expense k. Service Revenue f. Salaries and Wages Payable Notes PayableWhat item flows from the income statement to the statement of retained earnings?a. Cashb. Dividendsc. Net incomed. InventoryFor each of the following accounts, indicate whether the account is shown in the income statement or the balance sheet:Accounts Financial Statement 1. Accounts Receivable ___________________2. Deferred Revenue ___________________3. Supplies Expense ___________________4. Salaries Payable ___________________5. Depreciation Expense ___________________6. Service Revenue ___________________