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Account Identification, Financial Statement and Normal Balance (1 point each) Several items from financial statements are listed below. For each account title, complete the row
Account Identification, Financial Statement and Normal Balance (1 point each) Several items from financial statements are listed below. For each account title, complete the row to identify the account type and financial statement type(s). Enter a number in each blank in the chart. See the example row below. Account Title Account Type 1. Assets 2. Liabilities 3. Stockholders/Owners 4. Revenue 5. Expenses Financial Statement 6. Balance Sheet 7. Income Statement 8. Retained Earnings Statement 9. Cash Flow Statement Example 3 19 Cash 1 Cost of Goods Sold 5 7 Note Payable 2 6 Retained Earnings 3 6 Unearned Revenue 2. 6 Depreciation Expense 5 7 Equipment 1 6 Sales Revenue 4 7
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