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
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
A B Type of Account Financial Statement Asset Liability Equity Re...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Financial Accounting Information For Decisions
ISBN: 978-0324672701
6th Edition
Authors: Robert w Ingram, Thomas L Albright
Question Posted:
Students also viewed these Accounting questions
-
The City of Sycamore is preparing its financial reports for the year and has requested that you prepare the reconciliation schedules to accompany its government-wide financial statements based on the...
-
Indicate the type of account (asset, liability, shareholders equity, revenue, expense, or dividends declared) and whether it normally has a debit balance or a credit balance: a. Sales Revenue b. Rent...
-
Indicate the type of account (asset, contra-asset, liability, shareholders equity, revenue, expense, or dividends declared) and whether it normally has a debit balance or a credit balance: a....
-
Using a resource-based view, explain why some firms improve their economic performance by adopting a CSR strategy, whereas others achieve no results or damaging results.
-
Briefly describe the overall intent of the Sarbanes-Oxley Act of 2002?
-
Which cache design is better for each of these benchmarks? Use data to support your conclusion. Both Barcelona and Nehalem are chip multiprocessors (CMPs), having multiple cores and their caches on a...
-
The vented storage tank shown in Fig. P8.90 is used to refuel race cars at a race track. A total of \(40 \mathrm{ft}\) of steel pipe (I.D. \(=0.957 \mathrm{in}\).), two \(90^{\circ}\) regular elbows,...
-
The Tesla 6 is a new custom- designed sports car. An analysis of the task of building the Tesla 6 reveals the following list of relevant activities, their immediate predecessors, and their duration:...
-
Describe leadership models that better allow for project and team success. Describe how leadership models can impact a project outcome. Describe how leadership models can impact a project outcome....
-
On January 1, 2012, Port Imports Inc. acquired 90% of the common shares of Spanish Imports Ltd. in exchange for a new issue of its own shares valued at $4,320,000. At that date the shareholders...
-
A standard auditors report contains reference to each of the following: A. Responsibility B. Generally accepted auditing standards C. Material misstatement and material respects D. A test basis E....
-
The two most recent monthly balance sheets of Strauss Instrument Company are shown below. Also shown is the most recent monthly income statement. Required From the financial statements presented,...
-
In Problem write each number in standard decimal notation. 6.171 x 10 7
-
A(n) ____________ thinker approaches problems in a rational and an analytic fashion. (a) systematic (b) intuitive (c) internal (d) external
-
Management by exception means ________. (a) managing only when necessary (b) focusing attention where the need for action is greatest (c) the same thing as concurrent control (d) the same thing as...
-
When an entrepreneur is comfortable with uncertainty and willing to take risks, these are indicators of someone with a(n) ____________. (a) high tolerance for ambiguity (b) internal locus of control...
-
The role of the board of directors as an oversight body that holds top executives accountable for the success of business strategies is called ____________. (a) strategic leadership (b) corporate...
-
Better lower-level teamwork and more top-level strategic management are among the expected advantages of a ____________ structure. (a) divisional (b) matrix (c) geographical (d) product
-
Consider an election with four candidates with the following results: a. Who wins the election using a Borda count method? b. Does the Borda count method violate the irrelevant alternative criterion?...
-
As economic conditions change, how do banks adjust their asset portfolio?
-
XGBoost is a scalable machine learning system for tree boosting. Its objective function has a training loss and a regularization term: L = i l ( ) , ^ y i ) + k ( f k ) L = i l ( y i , y ^ i ) + ...
-
On November 10, 2015, Lee Co. began operations by purchasing coffee grinders for resale. Lee uses the perpetual inventory method. The grinders have a 60-day warranty that requires the company to...
-
Review the February 26 and March 25 transactions for Business Solutions (SP 4) from Chapter 4. Santana Rey created Business Solutions on October 1, 2016. The company has been successful, and its list...
-
Refer to the financial statements of Apple in Appendix A to answer the following. 1. Compute times interest earned for the fiscal years ended 2014, 2013, and 2012. Apple reports that in 2014 interest...
-
The veterinarian suspects a bleeding disorder in a young mixed breed dog. He requests that you perform a BMBT test on the dog. What other piece of information is necessary with any coagulation test?
-
.. Evaluate the following integrals: a) / b) c) d) x4 dx x-1 5x+1 dx (2x+1)(x-1) x3+4x+x-1 .3 x3 + x2 x+4x+3 x4 +5x +4 dx dx e) / 1 x3 - 1 dx
-
4. Evalute the following: (a) The region bounded by y = (3-2)' y = 0, x = 1, and x = 2 is revolved about the x-axis. (b) The region bounded by y = 1-x2, x = 0, x = 1,is revolved about the line x = 1....
Study smarter with the SolutionInn App