Label where these accounts would be located on financial statements Flashcards
1
Q
Cash
A
Balance Sheet
2
Q
Equipment
A
Balance Sheet
3
Q
Accounts receivable
A
Balance Sheet
4
Q
Accounts payable
A
Balance Sheet
5
Q
Common stock
A
Balance Sheet
6
Q
Dividends
A
Retained earnings
7
Q
Service revenue
A
Income
8
Q
Notes payable
A
Balance Sheet
9
Q
Retained earnings, Jan. 1
A
Retained earnings
10
Q
Insurance expense
A
Income
11
Q
Rent expense
A
Income
12
Q
Supplies
A
Balance Sheet
13
Q
Supplies expense
A
Income
14
Q
Net income
A
Income
