Question
LO 2-8 CHECK FIGURES a. BS b. y. IS LO 2-1, 2-2, 2-5, 2-6, 2-7, 2-9 a. Classify the cash flows fro ties (IA), or
LO 2-8 CHECK FIGURES a. BS b. y. IS LO 2-1, 2-2, 2-5, 2-6, 2-7, 2-9 a. Classify the cash flows fro ties (IA), or financing activities (FA). Use NA of cash flows. b. Prepare a statement of cash flows. (There is no beginning cash balance.) Exercise 2-26 Relationship of accounts to financial statements Required Identify whether each of the following items would appear on the income statement (IS), stateme changes in stockholders' equity (SE), balance sheet (BS), or statement of cash flows (CF). Some i may appear on more than one statement; if so, identify all applicable statements. If an item woul appear on any financial statement, label it NA. a. Supplies b. Cash Flow from Financing Activities c. "As of" Date Notation d. Ending Retained Earnings e. Net Income f. Dividends g. Net Change in Cash h. "For the Period Ended" i. Land j. Ending Common Stock k. Salaries Expense 1. Prepaid Rent m. Accounts Payable n. Total Assets o. Salaries Payable p. Insurance Expense q. Notes Payable r. Accounts Receivable s. Interest Receivable t. Interest Revenue u. Rent Expense v. Price/Earnings Ratio w. Taxes Payable x. Unearned Revenue y. Service Revenue lect the stater z. Cash Flow from Investing Activities aa. Consulting Revenue bb. Utilities Expense cc. Ending Common Stock dd. Total Liabilities ee. Operating Cycle ff. Cash Flow from Operating Activities gg. Operating Expenses hh. Supplies Expense ii. Beginning Retained Earnings jj. Beginning Common Stock kk. Prepaid Insurance II. Salary Expense mm. Beginning Cash Balance nn. Ending Cash Balance Exercise 2-27 Identifying transaction type and effect on the financial statement
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