dentify the financial statement (or statements) that each account would appear o
ID: 2458982 • Letter: D
Question
dentify the financial statement (or statements) that each account would appear on. Use I for Income Statement, RE for Statement of Retained Earnings, and B for Balance Sheet. (Leave unused cells blank.)
a.
Accounts Payable
B
b.
Cash
B
c.
Common Stock
B
d.
Accounts Receivable
B
e.
Rent Expense
I
f.
Service Revenue
I
g.
Office Supplies
B
h.
Dividends
RE
i.
Land
B
j.
Salaries Expense
I
a.
Accounts Payable
B
b.
Cash
B
c.
Common Stock
B
d.
Accounts Receivable
B
e.
Rent Expense
I
f.
Service Revenue
I
g.
Office Supplies
B
h.
Dividends
RE
i.
Land
B
j.
Salaries Expense
I
Explanation / Answer
a.
Accounts Payable
B
b.
Cash
B
c.
Common Stock
B
d.
Accounts Receivable
B
e.
Rent Expense
I
f.
Service Revenue
I
g.
Office Supplies
I
h.
Dividends
RE
i.
Land
B
j.
Salaries Expense
I
a.
Accounts Payable
B
b.
Cash
B
c.
Common Stock
B
d.
Accounts Receivable
B
e.
Rent Expense
I
f.
Service Revenue
I
g.
Office Supplies
I
h.
Dividends
RE
i.
Land
B
j.
Salaries Expense
I
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