Horngren's Accounting Plus Mylab Accounting With Pearson Etext -- Access Card Package (12th Edition)
12th Edition
ISBN: 9780134674681
Author: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
Publisher: PEARSON
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Textbook Question
Chapter 1, Problem S1.11SE
Identifying accounts on the financial statements
Learning Objective 5
Consider the following accounts:
a. Accounts Payable
b. Cash
c. Owner, Capital
d. Accounts Receivable
e. Rent Expense
f. Service Revenue
g. Office Supplies
h. Owner, Withdrawals
i. Land
j. Salaries Expense
Identify the financial statement (or statements) that each account would appear on. Use I for Income Statement, OE for Statement of Owner's Equity, B for Balance Sheet, and C for Statement of Cash Flows.
Use the following information to answer Short Exercises S1-12through S1 -14.
Centerpiece Arrangements has just completed operations for the year ended December 31,2018. This is the third year of operations for the company The following data have been assembled for the business:
| Insurance Expense | $4,500 | Salaries Expense | $46,000 |
| Service Revenue | 70,000 | Accounts Payable | 17,600 |
| Utilities Expense | 1,400 | Office Supplies | 1,700 |
| Rent Expense | 16,000 | Right, Withdrawals | 4,800 |
| Right, Capital, Jan. 1,2018 | 9,000 | Accounts Receivable | 8,000 |
| Cash | 7,200 | Equipment | 12,100 |
| Owner contribution | 5,100 |
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Chapter 1 Solutions
Horngren's Accounting Plus Mylab Accounting With Pearson Etext -- Access Card Package (12th Edition)
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