1. The balances for the accounts that follow appear in the Adjusted Trial Balance columns of the end-of-period spreadsheet. Indicate whether each account would flow into the income statement, retained earnings statement, or balance sheet. a. Accounts Payable b. Accounts Receivable c. Cash d. Dividends e. Fees Earned f. Supplies 8. Unearned Rent h. Utilities Expense 1. Wages Expense J. Wages Payable 2. Balances for each of the following accounts appear in an adjusted trial balance. Identify each as (A) asset, (B) liability. (C) revenue, or (D) expense. a. Accounts Receivable b. Equipment c. Fees Earned 1 d. Insurance Expense e. Prepald Advertising f. Prepaid Rent & Rent Revenue h. Salary Expense 1. Salary Payable J. Supplies k. Supplies Expense I. Unearned Rent 3. The following account balances were taken from the adjusted trial balance for Urgent Messenger Service, a delivery service firm, for the fiscal year ended November 30, 2020: Account Name Depreciation Expense Fees Earned Insurance Expense Miscellaneous Expense Balance Account Name $11,650 Rent Expense 777,500 Salaries Expense 8,000 Supplies Expense 7,840 Utilities Expense Balance $108,000 383,100 8,150 47,200 Prepare an income statement 4. The following revenue and expense account balances were taken from the ledger of Acorn Health Services Co. after the accounts had been adjusted on January 31, 2021, the end of the fiscal year: Account Name Depreciation Expense Service Revenue Insurance Expense Miscellaneous Expense Balance Account Name $10,000 Rent Expense 630,000 Wages Expense 9,150 Supplies Expense 8,000 Utilities Expense Balance $64.900 544,100 4.700 48,200 Prepare an Income statement. Siste) 5. Climate Control Systems Co. offers its services to residents in the Spokane area. Selected ac- counts from the ledger of Climate Control Systems for the fiscal year ended December 31, 2020, are as follows: Retained Earnings Dividends Dec. 31 160,000 Jan, 1 (2018) 4,150,800 Mar. 31 40,000 Dec. 31 160,000 Dec. 31 700,000 June 30 40,000 Sept. 30 40,000 Dec 31 40,000 Dec. 31 31 Income Summary 4,530,000 Dec 31 700,000 5,230,000 Prepare a retained earnings statement for the year. 6. Identify each of the following as a current asset or property, plant, and equipment (fixed asset): 8. Accounts Receivable b. Building c. Cash d. Equipment e. Prepaid Insurance f. Supplies 7. At the balance sheet date, a business owes a mortgage note payable of $375,000, the terms of which provide for monthly payments of $1,250. Explain how the liability should be classified on the balance sheet