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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
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 |
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