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
Chapter5: Completing The Accounting Cycle
Section: Chapter Questions
Problem 1PB: Identify whether each of the following accounts would be considered a permanent account (yes/no) and...
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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
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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