Acct 200 Live Zoom: Chapter 3 Worksheet Remember to complete this worksheet after class as there will be questions on the Ch 3 Lecture Quiz from this document. 1) Match the definition to the proper account classification: a) b) Assets Liabilities Stockholders' equity Dividends Revenue Expenses d) e) f) i. Amounts earned from sales of products or services ii. Owners' claim to resources iii. Distributions to stockholders iv. Costs of selling products or services V. Resources owned vi. Amounts owed 2) Identify on which financial statement (Income Statement, Balance Sheet, or Statement of Retained Earnings) the following accounts are found and note the normal balance for each: Financial Stmt. Normal Balance a) Cash Example: Balance Sheet Debit b) Unearned Revenue c) Equipment d) Prepaid Insurance e) Service Revenues/Sales f) Dividends g) Supplies Expense h) Retained Earnings i) Accounts Payable j) Accounts Receivable k) Wages Expense 1) Supplies m) Long Term Notes Payable n) Common Stock o) Advertising Expense p) Prepaid Rent q) Cost of Goods Sold