please see attached - thank you in advance ---## Financial Accounts Assignment### Instructions:Consider the following accounts:[Click the icon to view the accounts.]Identify the financial statement (or statements) that each account would appear on. Use the following abbreviations:- **I** for Income Statement- **OE** for Statement of Owner's Equity- **B** for Balance Sheet- **C** for Statement of Cash Flows*(Note: If an input field is not used in the table, leave the input field empty; do not select a label.)*### Accounts and Corresponding Financial Statements| Account | Financial statement(s) account appears on ||------------------------------|----------------------------------------------------|| a. Accounts Payable | [Dropdown List] || b. Cash | [Dropdown List] || c. Owner, Capital | [Dropdown List] || d. Accounts Receivable | [Dropdown List] || e. Rent Expense | [Dropdown List] || f. Service Revenue | [Dropdown List] || g. Office Supplies | [Dropdown List] || h. Owner, Withdrawals | [Dropdown List] |### Instructions for Use:- Choose from any drop-down list and then click "Check Answer."This exercise will help you understand how different accounts are classified and where they appear within financial statements.---**Explanation of Diagram:**The table contains a list of accounts in the left column and empty input fields (drop-down lists) in the right column for indicating the corresponding financial statements. Users need to select the appropriate financial statement(s) from the drop-down list for each account.--- ### More Info#### List of Common Accounting Terms:a. **Accounts Payable**b. **Cash**c. **Owner, Capital**d. **Accounts Receivable**e. **Rent Expense**f. **Service Revenue**g. **Office Supplies**h. **Owner, Withdrawals**i. **Land**j. **Salaries Expense**These terms are essential components of financial statements in accounting. Each term represents a different element of the business's financial situation.

Financial statements are written papers that detail the operations and financial performance of a…

Consider the following accounts: A (Click the icon to view the accounts.) Identify the financial statement (or statements) that each account would appear on. Use I for Income Statement, OE for Statement of Owner's Equity, B for Balance Sheet, and C for Statement of Cash Flows. (If an input field is not used in the table leave the input field empty; do not select a label.) Financial statement(s) account appears on a. Accounts Payable b. Cash c. Owner, Capital d. Accounts Receivable е. Rent Expense f. Service Revenue g. Office Supplies h. Owner, Withdrawals

Consider the following accounts: A (Click the icon to view the accounts.) Identify the financial statement (or statements) that each account would appear on. Use I for Income Statement, OE for Statement of Owner's Equity, B for Balance Sheet, and C for Statement of Cash Flows. (If an input field is not used in the table leave the input field empty; do not select a label.) Financial statement(s) account appears on a. Accounts Payable b. Cash c. Owner, Capital d. Accounts Receivable е. Rent Expense f. Service Revenue g. Office Supplies h. Owner, Withdrawals

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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