1. T ake the following accounts and place them in the appropriate Financial Stat

Question

1. Take the following accounts and place them in the appropriate Financial Statement as well as appropriate Category .

a. Interest Expense d. Land g. Notes Payable

b. Investment in Stock e. Sale of Land h. Discount on Bonds Payable

c. Goodwill f. Trademark i. Preferred Stock

Balance Sheet

Income Statement

Cash Flow Statement

Asset

Revenue/Sales

Cash Inflow

Liabilities

Expenses

Cash Outflow

Ownership Equity

Balance Sheet

Income Statement

Cash Flow Statement

Asset

Revenue/Sales

Cash Inflow

Liabilities

Expenses

Cash Outflow

Ownership Equity

Explanation / Answer

Required: Using the letters provided, classify items (1

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