Bonner Systems uses the following accounts when preparing its financial reports. Required A. Place a mark in
Question:
Bonner Systems uses the following accounts when preparing its financial reports.
Required
A. Place a mark in the appropriate column to indicate the type of account.
B. Place a mark in the appropriate column to indicate on which financial statement that account isreported.
Transcribed Image Text:
Type of Account Financial Statement Income Balance Asset Liability EquitvlRevenue Expense StatementSheet 1. Wages Payable 2. Accounts Receivable 3. Retained Earnings 4. Buildin 5. Supplies Used 6. Invento 7. Sales (for cash 8. Accumulated Depreciation 9. Loan from Bank 10. Land 11. Owners' Investment 12. Supplies 13. Sales (on Credit 14. Bonds Payable 15. Unearned Revenue 16. Wages Earned by Emplovees 17. Utilities Consumed
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A B Type of Account Financial Statement Asset Liability Equity Re...View the full answer
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Related Book For
Financial Accounting Information For Decisions
ISBN: 978-0324672701
6th Edition
Authors: Robert w Ingram, Thomas L Albright
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