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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 |
|
|
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Depreciation |
|
|
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Equipment |
|
|
|
General expense |
|
|
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Interest expense |
|
|
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Inventories |
|
|
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Land |
|
|
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Long-term debts |
|
|
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Machinery |
|
|
|
Marketable securities |
|
|
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Notes payable |
|
|
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Operating expense |
|
|
|
Paid-in capital in excess of par |
|
|
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Preferred stock |
|
|
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Preferred stock dividends |
|
|
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Retained earnings |
|
|
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Sales revenue |
|
|
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Selling expense |
|
|
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Taxes |
|
|
|
Vehicles |
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