Question: Indicate whether each account listed appears on the balance sheet (B), income statement (I), statement of owner's equity(SOE), or the cash flow statement (CF). Some

 

Indicate whether each account listed appears on the balance sheet (B), income statement (I), statement of owner's equity(SOE), or the cash flow statement (CF). Some accounts can appear on more than one statement.

 Required 1. Indicate whether each account listed is a(n) asset (A), liability 

 

Required 1. Indicate whether each account listed is a(n) asset (A), liability (L), owner's equity (OE), revenue (R), or expense (E) account. 2. Indicate whether each account listed appears on the balance sheet (B), income statement (I), statement of owner's equity (SOE), or the cash flow statement (CF). Some accounts can appear on more than one statement. the cash flow statement (CF). Some accounts can appear on more than one statement. 1. Supplies Expense 2. Accounts Receivable 3. J. Chiang, Capital 4. Computer Equipment 5. 6. Accounts Payable 7. 8. 9. 10. Supplies 11. Note Payable Consulting Service Revenue Rent Expense Cash J. Chiang, Withdrawals Type of Account E A OE A R L E A OE A L Statement B B, SOE B I B 1 B, CF B, SOE B B Choose from any drop-down list and then click Check Answer.

Step by Step Solution

3.37 Rating (147 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Based on the information provided here are the indications for each account 1 Supplies Expense Type ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!