EE 4-1 p. 165 PE 4-1A Flow of accounts into financial statements OBJ. 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, statement of owner's equity, or balance sheet. 1. Accounts Payable 5. Rent Revenue 2. Depreciation Expense 6. Supplies Expense 3. Nat Hager, Capital (beginning of period) 7. Unearned Rent 1. Office Equipment 8. Wages Payable PE 4-2A Statement of owner's equity OBJ. 2 Marcie Davies owns and operates Gemini Advertising Services. On January 1, 2018, Marcie Davies, Capital had a balance of $618,500. During the year, Marcie invested an additional $40,000 and withdrew $15,000. For the year ended December 31, 2018, Gemini Advertis- ing Services reported a net income of $92,330. Prepare a statement of owner's equity for the year ended December 31, 2018, PE 4-3A Classified balance sheet OBJ. 2 The following accounts appear in an adjusted trial balance of Waterloo Consulting. Indicate whether each account would be reported in the (a) current asset; (b) property, plant, and equipment; (c) current liability; (d) long-term liability; or (e) owner's equity section of the December 31, 2018, balance sheet of Waterloo Consulting. 1. Building 5. Salaries Payable 2. Cindy Sue Delaney, Capital 6. Supplies 3. Notes Payable (due in five years) 7. Taxes Payable 4. Prepaid Rent 8. Unearned Service Fees OBJ. 4 From the following list of steps in the accounting cycle, identify what two steps are missing: a. Transactions are analyzed and recorded in the journal. b. An unadjusted trial balance is prepared. c. Adjustment data are assembled and analyzed. d. An optional end-of-period spreadsheet is prepared. e. Adjusting entries are journalized and posted to the ledger 1. An adjusted trial balance is prepared. g. Closing entries are journalized and posted to the lodger. h. A post closing trial balance is prepared