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Category > Accounting Posted 11 May 2017 My Price 5.00

Financial statement account identification

 

Financial statement account identification Mark each of the accounts listed in the following table as follows:

a. In column (1), indicate in which statement—income statement (IS) or balance sheet (BS)—the account belongs.

b. In column (2), indicate whether the account is a current asset (CA), current liability (CL), expense (E), fixed asset (FA), long-term debt (LTD), revenue (R), or stockholders’ equity (SE).

Account name

(1)

Statement

(2)

Type of account

Accounts payable

 

 

Accounts receivable

 

 

Accruals

 

 

Accumulated depreciation

 

 

Administrative expense

 

 

Buildings

 

 

Cash

 

 

Common stock (at par)

 

 

Cost of goods sold

 

 

Depreciation

 

 

Equipment

 

 

General expense

 

 

Interest expense

 

 

Inventories

 

 

Land

 

 

Long-term debts

 

 

Machinery

 

 

Marketable securities

 

 

Notes payable

 

 

Operating expense

 

 

Paid-in capital in excess of par

 

 

Preferred stock

 

 

Preferred stock dividends

 

 

Retained earnings

 

 

Sales revenue

 

 

Selling expense

 

 

Taxes

 

 

Vehicles

 

 
 
 

Answers

Alpha Geek
(8)
Status NEW Posted 11 May 2017 09:05 AM My Price 5.00

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Attachments

file 1494493599-Answer.docx preview (237 words )
F-----------ina-----------nci-----------al -----------sta-----------tem-----------ent----------- ac-----------cou-----------nt -----------ide-----------nti-----------fic-----------ati-----------on -----------Mar-----------k e-----------ach----------- of----------- th-----------e a-----------cco-----------unt-----------s l-----------ist-----------ed -----------in -----------the----------- fo-----------llo-----------win-----------g t-----------abl-----------e a-----------s f-----------oll-----------ows-----------: -----------a. -----------In -----------col-----------umn----------- (1-----------), -----------ind-----------ica-----------te -----------in -----------whi-----------ch -----------sta-----------tem-----------ent-----------—-----------inc-----------ome----------- st-----------ate-----------men-----------t (-----------IS)----------- or----------- ba-----------lan-----------ce -----------she-----------et -----------(BS-----------)â€-----------”th-----------e a-----------cco-----------unt----------- be-----------lon-----------gs.----------- b-----------. I-----------n c-----------olu-----------mn -----------(2)-----------, i-----------ndi-----------cat-----------e w-----------het-----------her----------- th-----------e a-----------cco-----------unt----------- is----------- a -----------cur-----------ren-----------t a-----------sse-----------t (-----------CA)-----------, c-----------urr-----------ent----------- li-----------abi-----------lit-----------y (-----------CL)-----------, e-----------xpe-----------nse----------- (E-----------), -----------fix-----------ed -----------ass-----------et -----------(FA-----------), -----------lon-----------g-t-----------erm----------- de-----------bt -----------(LT-----------D),----------- re-----------ven-----------ue -----------(R)-----------, o-----------r s-----------toc-----------kho-----------lde-----------rsâ-----------€™ -----------equ-----------ity----------- (S-----------E).----------- A-----------cco-----------unt-----------
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