Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hi! I would like to make sure my answers are right before giving in my work. Are these accounts correctly in the right financial statements

Hi! I would like to make sure my answers are right before giving in my work. Are these accounts correctly in the right financial statements and classifications? I have highlighted in red the ones I am very unsure of. Thank you.

image text in transcribed

Classification Current Liability Current Asset Financial Statement Balance Sheet Balance Sheet Plant Asset-Contra Balance Sheet Account Title Accounts Payable Accounts Receivable Accumulated Depreciation - Office Buildings Cash Casualty Lass from Vandalism Cost of Goods Sold Delivery Equipment Depreciation Expense Current Asset Balance Sheet Extraordinary Item Income Statement Income Statement Balance Sheet Income Statement Dividends Retained Earnings Statement Freight-out Insurance Expense Interest Payable Land Cost of Goods Sold Plant Asset Operating Expense Temporary account closed to Retained Earnings Operating Expense Operating Expense Current Liability Plant Asset Current Asset Current Liability/ Long- Term Liability Current Liability Current Liability Income Statement Income Statement Balance Sheet Balance Sheet Balance Sheet Merchandise Inventory Notes Payable Balance Sheet Balance Sheet Balance Sheet Revenue-Contra Income Statement Property Tax Payable Salaries Payable Sales Returns and Allowances Sales Common Stock * Share Capital - Ordinary Unearned Rent Revenue Income Statement Stockholder's Equity Balance Sheet Utilities Expense Liability Operating Expense Current Asset Balance Sheet Income Statement Balance Sheet Warehouse

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_2

Step: 3

blur-text-image_3

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

Basic Accounting Concepts Principles And Procedures Volume 1

Authors: Gregory Mostyn, Worthy And James

2nd Edition

0991423100, 978-0991423101

More Books

Students also viewed these Accounting questions