Question: ) For the accounts below, indicate using an X the financial statement on which the accounts balance should be shown. Also, if the account is
) For the accounts below, indicate using an X the financial statement on which the accounts balance should be shown. Also, if the account is shown on a companys balance sheet, indicate if it should appear in the asset, liability, or stockholders equity section. The first account has been completed as an example. There should only be one X per account (or row).
| Balance Sheet | Statement of Retained Earnings | Income Statement | ||||
| Asset section | Liability section | Stockholders Equity section | ||||
| Accounts Receivable (Example) | X | |||||
| a. | Accounts Payable | |||||
| b. | Interest Expense | |||||
| c. | Inventory | |||||
| d. | Allowance for Doubtful Accts | |||||
| e. | Common Stock | |||||
| f. | Interest Payable | |||||
| g. | Cost of Goods Sold | |||||
| h. | Equipment | |||||
| i. | Depreciation Expense | |||||
| j. | Bad Debts Expense | |||||
| k. | Prepaid Advertising | |||||
| l. | Deferred Revenue | |||||
| m. | Accumulated Depreciation | |||||
| n. | Dividends Declared | |||||
| o. | Retained Earnings Beginning | |||||
| p. | Service Revenue | |||||
| q. | Supplies Expense | |||||
| r. | Loss on Sale of Equipment | |||||
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