Relation of elements to financial statements Required Identify whether each of the following items would appear on

Question:

Relation of elements to financial statements
Required
Identify whether each of the following items would appear on the income statement (IS), statement of changes in stockholders’ equity (SE), (BS), or statement of cash flows (CF). Some items may appear on more than one statement; if so, identify all applicable statements.
If an item would not appear on any financial statement, label it NA.
a. Accounts receivable
b. Accounts payable
c. Unearned revenue
d. Dividends
e. Beginning cash balance
f. Ending retained earnings
g. Rent expense
h. Ending cash balance
i. Prepaid rent
j. Net income
k. Utilities expense
l. Supplies
m. Cash flow from operating activities
n. Service revenue
o. Auditor’s opinion

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...