Page 1 of 12 1. Ex.04-01 Fow of Accounts into Financial Statements The balances

Question

Page 1 of 12 1. Ex.04-01 Fow of Accounts into Financial Statements The balances for the accounts that foliow appear in the Adjusted Trisl Bsiance cokumns of the and-of-period spreadsheet. Indicate whether each account would flow sto the income ststemert, statement of oener's equty, ce beiance sheet 1. Accounts Payable 2. Acounts Recavaiste balance 3 Cash 4. Eddy Rosewood, Drawing 5. Fees Esrned 6. Supples 7. Uneamed Rent ?. Utimes Expense 9. Wages Expense Larot Solite 10. Wages Payabl halah 2. Ex.04-02 Classitying Accounts Salances for each of the follewing accounts appear in an atjusted trial balance. Jdentty each as an asset, iabaty reverue, or expense 2. Equpment 4. Insurance Expere 6. Prepaid Rent , Rent RevereT 8. Salary Expense s. Salary Payabie 10. Supplie inanciel Statsments nd cloeing Erenes

Explanation / Answer

1

EX 04-01

Accounts Payable

Balance sheet

Accounts receivable

Balance sheet

cash

Balance sheet

Eddy rosewood drawing

Balance sheet

Fees earned

income statement

Supplies

income statement

Unearned rent

income statement

Utilities expense

income statement

Wages expense

income statement

Wages Payable

income statement

2

EX-04-02

Accouts receivable

Asset

Equipment

Asset

Fees earned

Revenue

Insurance premium

Expense

Land

Asset

Prepaid rent

Asset

Rent revenue

Revenue

Salary expense

Expense

salary Payable

Liability

Supplies

Asset

Unearned rent

Liability

Wages Payable

Liability

As per chegg guidelines, if there are more than one independent question is present then only first independent question will be answered.

1

EX 04-01

Accounts Payable

Balance sheet

Accounts receivable

Balance sheet

cash

Balance sheet

Eddy rosewood drawing

Balance sheet

Fees earned

income statement

Supplies

income statement

Unearned rent

income statement

Utilities expense

income statement

Wages expense

income statement

Wages Payable

income statement

2

EX-04-02

Accouts receivable

Asset

Equipment

Asset

Fees earned

Revenue

Insurance premium

Expense

Land

Asset

Prepaid rent

Asset

Rent revenue

Revenue

Salary expense

Expense

salary Payable

Liability

Supplies

Asset

Unearned rent

Liability

Wages Payable

Liability

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