MODULE 4 HOMEWORK THIRD TIME ASKING!! Please read carefully: I need to match the following accounts to the following sections of the Balance Sheet that these accounts would be under. I have numbered them 1-8. Please simply answer the question. Here are the accounts: 1) Fund to retire bond 2) Trucks 3) Investment XYZ 4) Machinery 5) Preferred Stock 6) Merchandise Inventory BELOW ARE THE OPTIONS FOR EACH ACCOUNT LISTED ABOVE. MATCH THE ACCOUNTS ABOVE WITH THE OPTIONS BELOW. Current Asset Investments Property Plant Equipment Intangibles Current Liabilities Long Term Liabilities Contributed Capital Retained Earnings

MODULE 4 HOMEWORK THIRD TIME ASKING!! Please read carefully: I need to match the following accounts to the following sections of the Balance Sheet that these accounts would be under. I have numbered them 1-8. Please simply answer the question. Here are the accounts: 1) Fund to retire bond 2) Trucks 3) Investment XYZ 4) Machinery 5) Preferred Stock 6) Merchandise Inventory BELOW ARE THE OPTIONS FOR EACH ACCOUNT LISTED ABOVE. MATCH THE ACCOUNTS ABOVE WITH THE OPTIONS BELOW. Current Asset Investments Property Plant Equipment Intangibles Current Liabilities Long Term Liabilities Contributed Capital Retained Earnings

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter4: Internal Control And Cash

Section: Chapter Questions

Problem 69.1C

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Concept explainers

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

Question

MODULE 4 HOMEWORK THIRD TIME ASKING!!

Please read carefully: I need to match the following accounts to the following sections of the Balance Sheet that these accounts would be under. I have numbered them 1-8. Please simply answer the question. Here are the accounts:

1) Fund to retire bond

2) Trucks

3) Investment XYZ

4) Machinery

5) Preferred Stock

6) Merchandise Inventory

BELOW ARE THE OPTIONS FOR EACH ACCOUNT LISTED ABOVE. MATCH THE ACCOUNTS ABOVE WITH THE OPTIONS BELOW.

Current Asset

Investments

Property Plant Equipment

Intangibles

Current Liabilities

Long Term Liabilities

Contributed Capital

Retained Earnings

Definition Definition Type of stock which is granted priority over dividend distributions as compared to common stockholders. Preferred stocks also do not carry any voting rights. Notably, in a case where a company is going to be liquidated, preferred stockholders have a priority claim on the value of assets of the company as quoted in the balance sheet, as compared to the common stockholders.

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