Managers Often Consult Financial Statements for Specific Types of Information

Essay

Managers often consult financial statements for specific types of information. Indicate whether each of the following items would appear on the income statement, statement of owner's equity, or the balance sheet. Note that an item may appear on more than one statement. The first item is completed as an example.
$$\begin{array} { | l | l | l | l | } \hline & \begin{array} { c } \text { Income } \\\text { Statement }\end{array} & \begin{array} { l } \text { Statement of } \\\text { Owner's } \\\text { Equity }\end{array} & \text { Balance Sheet } \\\hline \text { Accounts Payable } & & & \mathrm { X } \\\hline \text { Accounts Receivable } & & & \\\hline \text { Accumulated Depreciation - Equipment } & & & \\\hline \text { Cash } & & & \\\hline \text { Depreciation Expense - Equipment } & & & \\\hline\end{array}$$
$$\begin{array} { | l | l | l | l | } \hline \text { Equipment } &\quad\quad &\quad\quad &\quad\quad \\\hline \text { Fees Income } & & & \\\hline \text { N. Dalton, Capital, beginning of period } & & & \\\hline \text { N. Dalton, Capital, end of period } & & & \\\hline \text { N. Dalton, Drawing } & & & \\\hline \text { Rent Expense } & & & \\\hline \text { Salaries Expense } & & & \\\hline \text { Supplies } & & & \\\hline \text { Supplies Expense } & & & \\\hline \text { Total assets of the business } & & & \\\hline \text { Total expenses for the period } & & & \\\hline \text { Total liabilities of the business } & & & \\\hline \text { Total revenues for the period } & & & \\\hline\end{array}$$