Managers often consult financial statements for specific types of information. Indicate whether each of the following items would appear on the income statement, the statement of owner’s equity, or the balance sheet. Use I for the income statement, E for the statement of owner’s equity, and B for the balance sheet. If an item appears on more than one statement, use all letters that apply to that item.
1. Cash on hand
2. Owner’s withdrawals for the period
3. Accounts Payable of the business
4. Total expenses for the period
5. Book value of the firm’s equipment
6. Original cost of the firm’s equipment
7. Depreciation expensed on the firm’s equipment for the period
8. Accumulated depreciation on the firm’s equipment

9. Accounts receivable of the business
10. Cost of supplies used during the period
11. Supplies on hand
12. Owner’s capital at the end of the period
13. Net income for the period
14. Total assets of the business
15. Revenue earned during the period