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

 

 

2.

Common Stock

 

 

3.

Notes Payable

 

 

4.

Service Revenue

 

 

5.

Telephone Expense

 

 

6.

Dividends

 

 

7.

Accounts Receivable

 

 

8.

Computer Supplies

 

 

9.

Accounts Payable

 

 

10.

Prepaid Expenses

 

 

    • 10 years ago
    Allocation of Accounts
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