Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hi, I can't figure these out. Your help is appreciated! Here are the options for major classification and possible account numbers. 210 112 126 124

Hi, I can't figure these out. Your help is appreciated! Here are the options for major classification and possible account numbers.image text in transcribedimage text in transcribedimage text in transcribed

210 112 126 124 521 110 110 X 110 210 310 410 510 610 N/A 313 533 710 410 X Financial Statement Major Classification Possible Account Number Account Accounts Payable Accounts Receivable Accumulated Depreciation-Office Equipment Accumulated Depreciation-Store Equipment Advertising Expense Cash Common Stock Cost of Goods Sold Customer Refunds Payable Delivery Expense Depreciation Expense-Office Equipment Depreciation Expense-Store Equipment Dividends Estimated Returns Inventory Income Summary Insurance Expense Interest Expense nterest Revenue Balance Sheet Balance Sheet Balance Sheet Balance Sheet Income Statement Balance Sheet Liability-200 Asset 100 Asset 100 Asset 100 Expense - 500 Asset 100 210 112 126 124 521 110 110 X 510 211 524 532 522 412 X 215 X 313 533 710 410 X Balance Sheet v Asset 100 X Income Statement Balance Sheet Income Statement Other Income 600 Asset 100 Expense - 500 Liability 200 N/A Other Expense 700 Revenue 400 Income Statement V Income Statement Income Statement X Income Statement X Balance Sheet X income statement Income Statement Income Statement SStockholders' Equity 300 Expense -500 Other Expense 700 Revenue-400 X 522 412 X 215 X 313 533 710 V 410 X 114 120 V 539 529 213 125 530 Income Statement Expense -500 Revenue-400 X Liability -200X Depreciation Expense-Store Equipment Dividends Estimated Returns Inventory Income Summary Insurance Expense Interest Expense Interest Revenue Inventory Land Miscellaneous Administrative Expense Miscellaneous Selling Expense Notes Payable Office Equipment Office Salaries Expense Office Supplies Office Supplies Expense Prepaid Insurance Rent Expense Retained Earnings Income Statement X Income Statement X Balance Sheet X Stockholders' Equity-300 Expense -500 Other Expense-700 Income Statement Income Statement Income Statement Balance Sheet Revenue - 400 X Asset-100 Asset 100 Expense -500 Balance Sheet v Income Statement Income Statement Balance Sheet Balance Sheet Income Statement Balance Sheet Income Statement Balance Sheet Income Statement Expense 500 V Liability 200 Asset 100 Expense -500 Asset 100 Expense -500 Asset 100 Expense-500 534 118 531 411 X Income Statement X Revenue -400 X

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Rigos Primer Series CPA Exam Review Financial Accounting Questions And Answers

Authors: Mr. James J. Rigos

2020 Edition

979-8642293720

More Books

Students also viewed these Accounting questions

Question

7. List behaviors to improve effective leadership in meetings

Answered: 1 week ago

Question

6. Explain the six-step group decision process

Answered: 1 week ago