MODULE 4 HOMEWORK Please look at the following accounts and tell me what statement or statements they appear on.  The statement options are listed below. Gain on Sale of Equipment Preferred Stock Trucks Unearned Revenues Copyrights Amortization Expense Accounts Payable Accounts Receivable Investment in Common Stock Treasury Stock 1.Income Statement2.Statement of Retained Earnings3.Balance Sheet4.Statement of Owners’ Capital

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is