Indicate in the space provided by each item whether it would appear on the Income Statement/Statement of Earnings (IS), Balance Sheet/Statement of Financial Position (BS), or Statement of Changes in Equity (SCE). If the item would appear on more than one statement please just indicate one statement: 1. Service Revenue 2. Accounts Receivable 3. 4. Common Shares Cash Bank Account 5. Equipment (expected to last 3 years) 6. Accounts Payable 7. Advertising Expense 8. 9. Dividends Prepaid Expenses 10. Supplies Inventory

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 4EA: Identify the financial statement on which each of the following accounts would appear: the income...
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Indicate in the space provided by each item whether it would appear on the
Income Statement/Statement of Earnings (IS),
Balance Sheet/Statement of Financial Position (BS), or
Statement of Changes in Equity (SCE).
If the item would appear on more than one statement please just indicate one statement:
1.
Service Revenue
2.
Accounts Receivable
3.
4.
Common Shares
Cash Bank Account
5.
Equipment (expected to last 3 years)
6.
Accounts Payable
7.
Advertising Expense
8.
9.
Dividends
Prepaid Expenses
10.
Supplies Inventory
Transcribed Image Text:Indicate in the space provided by each item whether it would appear on the Income Statement/Statement of Earnings (IS), Balance Sheet/Statement of Financial Position (BS), or Statement of Changes in Equity (SCE). If the item would appear on more than one statement please just indicate one statement: 1. Service Revenue 2. Accounts Receivable 3. 4. Common Shares Cash Bank Account 5. Equipment (expected to last 3 years) 6. Accounts Payable 7. Advertising Expense 8. 9. Dividends Prepaid Expenses 10. Supplies Inventory
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