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Identify or classify the different account titles as to whether the belong to Assets, Liabilities, Owner's Equity, Revenue, or Expense of the Business. Fill the amounts of the following SFP and SCI elements.  Current Assets: _________ Noncurrent Assets: __________ Current Liabilities: _________ Noncurrent Liabilities: __________ Sales: __________ Expenses: ___________ Net Income (Loss): _________

Identify or classify the different account titles as to whether the belong to Assets, Liabilities, Owner's Equity, Revenue, or Expense of the Business. Fill the amounts of the following SFP and SCI elements.  Current Assets: _________ Noncurrent Assets: __________ Current Liabilities: _________ Noncurrent Liabilities: __________ Sales: __________ Expenses: ___________ Net Income (Loss): _________

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 13GI
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Identify or classify the different account titles as to whether the belong to Assets, Liabilities, Owner's Equity, Revenue, or Expense of the Business. Fill the amounts of the following SFP and SCI elements. 

Current Assets: _________

Noncurrent Assets: __________

Current Liabilities: _________

Noncurrent Liabilities: __________

Sales: __________

Expenses: ___________

Net Income (Loss): __________

 

Chart of Accounta SCI ACCOUNTS INCOME SFP ACCOUNTS Ace. ASSETS Account No. No. Cash Accounts Receivables Allow for Bad debts 110 410 Service Fees Sales Interest neome 120 420 125 Notes Receivable 430 440 130 140 Imventory EXPENSES Prepayments Building Accum Depn-Bidg 150 510 Cost of SAles 100 515 Freight-out IGE s20 Salaries Expense LIABILITIES Accounts payable Notes Payable nterest Payable Salaries Payable Utaities Payable Unearned Income 210 530 Utilities Expense 220 540 Bad Debts 230 545 Depreciation 240 S50 Advertising Expense 250 560 Taxes and Licenses 260 570 Interest Expense EQUITY 680 Miscellaneous Expense Owner's Capital Owner's Drawing 310 590 Losses 320
Transcribed Image Text:Chart of Accounta SCI ACCOUNTS INCOME SFP ACCOUNTS Ace. ASSETS Account No. No. Cash Accounts Receivables Allow for Bad debts 110 410 Service Fees Sales Interest neome 120 420 125 Notes Receivable 430 440 130 140 Imventory EXPENSES Prepayments Building Accum Depn-Bidg 150 510 Cost of SAles 100 515 Freight-out IGE s20 Salaries Expense LIABILITIES Accounts payable Notes Payable nterest Payable Salaries Payable Utaities Payable Unearned Income 210 530 Utilities Expense 220 540 Bad Debts 230 545 Depreciation 240 S50 Advertising Expense 250 560 Taxes and Licenses 260 570 Interest Expense EQUITY 680 Miscellaneous Expense Owner's Capital Owner's Drawing 310 590 Losses 320
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