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Quiz Module 1 Some of the following accounts may appear on more than one statement.  Would you please tell me what statement or statements they are on? 1) Net Income 2) End-of-period retained earnings balance 3) Net decrease in cash 4) End-of-period cash balance 5) Dividends payable 6) Retained Earnings 1/1 For the following could you please list the statment and if it is a real or nominal account? 1) Interest income 2) Bonds payable 3) Prepaid Insurance 4) Supplies on hand

Quiz Module 1 Some of the following accounts may appear on more than one statement.  Would you please tell me what statement or statements they are on? 1) Net Income 2) End-of-period retained earnings balance 3) Net decrease in cash 4) End-of-period cash balance 5) Dividends payable 6) Retained Earnings 1/1 For the following could you please list the statment and if it is a real or nominal account? 1) Interest income 2) Bonds payable 3) Prepaid Insurance 4) Supplies on hand

FINANCIAL ACCOUNTING
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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Quiz Module 1

Some of the following accounts may appear on more than one statement.  Would you please tell me what statement or statements they are on?

1) Net Income

2) End-of-period retained earnings balance

3) Net decrease in cash

4) End-of-period cash balance

5) Dividends payable

6) Retained Earnings 1/1

For the following could you please list the statment and if it is a real or nominal account?

1) Interest income

2) Bonds payable

3) Prepaid Insurance

4) Supplies on hand

 

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