For each of the accounting elements that follow (AF}, indicate in the space provided the appropriate number

Question:

For each of the accounting elements that follow (A—F}, indicate in the space provided the appropriate number designating the financial statements where the element would appear. Some elements may appear on more than one statement.

Income statement

Statement of owners' equity

Balance sheet

Statement of cash flows

———A. Accounts receivable
———B. Cash sales

———C. Utilities payable

———D. Note payable, due in five years

———E. Sales on account

———F. Utilities expense

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...