Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Match all of these financial statement entries to their corresponding places in the Balance Sheet and Income Statement. Possible answers are: Asset, Liability, Equity, Revenue,

Match all of these financial statement entries to their corresponding places in the Balance Sheet and Income Statement. Possible answers are: Asset, Liability, Equity, Revenue, or Expense.

image text in transcribed

$ 9,000 12,000 76,000 Balance Sheet Liabilities Accrued Interest Common Stock Equipment Accounts Receivable 32,000 Taxes Accounts Pavable Sales Trademarks Interest Retained Earnings 77,000 Cost of Goods Sold $ 62,000 Long-Term Debt Land Cash Utilities Depreciation Buildings Salaries Marketing Inventory Bank Loan Income Statement Assets Gross Profit $ 9,000 57,000 $123,000 35,000 2,000 Current Assets Current Liabilities Total Liabilities EBITDA ul EBIT S80,000 10,000 15,000 8,000 $ 3,000 $ 20,000 S 22,000 10,000 82,000 35,000 EBT Long-Term Assets Total Assets Total Equity Total Liabilities & Equit Net Income

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

Students also viewed these Accounting questions