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Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
Edition 4ISBN: 978-0078025372Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
Edition 4ISBN: 978-0078025372 Exercise 13
Matching Financial Statement Items to Balance Sheet and Income Statement Categories
For each item, indicate: (1) the type of account (A = asset, L = liability, SE = stockholders' equity, R = revenue, E = expense), and (2) whether it is reported on the income statement I/S) or balance sheet (B/S).
1. Accounts Receivable
2. Sales Revenue
3. Equipment
4. Supplies Expense
5. Cash
6. Advertising Expense
7. Accounts Payable
8. Retained Earnings
For each item, indicate: (1) the type of account (A = asset, L = liability, SE = stockholders' equity, R = revenue, E = expense), and (2) whether it is reported on the income statement I/S) or balance sheet (B/S).
1. Accounts Receivable
2. Sales Revenue
3. Equipment
4. Supplies Expense
5. Cash
6. Advertising Expense
7. Accounts Payable
8. Retained Earnings
Explanation
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Verified
Accounts payable, Notes payables are lia...
Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
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