Allocation of Accounts
(Not rated)
(Not rated)
3) Indicate whether the account is an asset (A), liability (L), stockholders' equity (SE), revenue (R) or expense (E) account. Also indicate if the account would appear on the Balance Sheet (BS) or Income Statement (IS) or the Statement of Retained Earnings (SRE) The first account has been completed for you. (25 points)
| ACCOUNT | TYPE OF ACCOUNT | FINANCIAL STATEMENT |
1. | Land |
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2. | Common Stock |
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3. | Notes Payable |
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4. | Service Revenue |
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5. | Telephone Expense |
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6. | Dividends |
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7. | Accounts Receivable |
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8. | Computer Supplies |
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9. | Accounts Payable |
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10. | Prepaid Expenses |
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12 years ago
Allocation of Accounts
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