Flow of accounts into financial statements The balances for the accounts that follow appear in the Adjusted Trial Balance columns of the end-of-period spreadsheet. Indicate whether each account would flow into the income statement, statement of stockholders’ equity, or balance sheet. 1. Accumulated Depreciation—Building 2. Cash 3. Fees Earned 4. Insurance Expense 5. Prepaid Rent 6. Supplies 7. Dividends 8. Wages Expense

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Financial And Managerial Accounting

15th Edition
WARREN + 1 other
Publisher: Cengage Learning,
ISBN: 9781337902663
BuyFind

Financial And Managerial Accounting

15th Edition
WARREN + 1 other
Publisher: Cengage Learning,
ISBN: 9781337902663

Solutions

Chapter
Section
Chapter 4, Problem 1BE
Textbook Problem

Flow of accounts into financial statements

The balances for the accounts that follow appear in the Adjusted Trial Balance columns of the end-of-period spreadsheet. Indicate whether each account would flow into the income statement, statement of stockholders’ equity, or balance sheet.

  1. 1. Accumulated Depreciation—Building
  2. 2. Cash
  3. 3. Fees Earned
  4. 4. Insurance Expense
  5. 5. Prepaid Rent
  6. 6. Supplies
  7. 7. Dividends
  8. 8. Wages Expense

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Chapter 4 Solutions

Financial And Managerial Accounting
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