Question

For each account, place the letter of the financial statement on which it would be found...

For each account, place the letter of the financial statement on which it would be found in the space provided. Some items may appear on more than one statement.

a) Income Statement b) Balance Sheet c) Statement of Retained Earnings d) Statement of Owners Capital

1. Retained Earnings

2. Accumulated Depreciation

3. Common Stock

4. Dividends

5. Additional Paid- in Capital

6. Gains on sales of Equity

7. Investment in common stock

8. Treasury Stock

9. Preferred Stock

10. Accounts Payable

11. Unearned Revenues

12. Copyrights

13. Accounts Receivable

14. Trucks

15. Amortization expense

Homework Answers

Answer #1
List of Account Answer
1. Retained Earnings Balance Sheet, Statement of Retained Earnings, Statement of Owners Capital, B,C,D
2. Accumulated Depreciation Balance Sheet B
3. Common Stock Balance Sheet, Statement of Owners Capital B,D
4. Dividends Statement of Retained Earnings C
5. Additional Paid- in Capital Balance Sheet, Statement of Owners Capital B,D
6. Gains on sales of Equity Income Statement A
7. Investment in common stock Balance Sheet B
8. Treasury Stock Balance Sheet, Statement of Owners Capital B,D
9. Preferred Stock Balance Sheet, Statement of Owners Capital B,D
10. Accounts Payable Balance Sheet B
11. Unearned Revenues Balance Sheet B
12. Copyrights Balance Sheet B
13. Accounts Receivable Balance Sheet B
14. Trucks Balance Sheet B
15. Amortization expense Income Statement A
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