(Matching accounts and financial statements)

Following are several financial statement classifications and accounts:

Caution: Some items may appear in more than one statement classification. Example: A Cash 1. Notes payable 2. Additional investment by owner 3. Automobile 4. Depreciation expense-automobile 5. Prepaid rent 6. Utilities expense 7. Consulting revenue 8. Accounts payable 9. Ending balance in owner's capital 10. Office supplies 11. Accumulated depreciation-automobile 12. Salaries payable 13. Office supplies expense 14. Service revenue 15. Interest expense 16. Accounts receivable 17. Loans made to other companies 18. Deposit made with utility company (This amount will be repaid to the company for which we are keeping the records in 5 years.)
19. Cash held in a separate bank account from that mentioned previ-
ously (This money will be used to buy a building in a few years.)
Required: Identify the proper financial statement classification for each account by placing the appropriate key letter in the space provided.

Transcribed Image Text:

RE A L C SC Revenue Expense Asset Liability Owner's capital (balance sheet) Statement of changes in owner's equity