FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
Please answer what Financial Statement or Statements the following accounts go on. Additionally if they are permanent accounts.
Income Statement (1)
Type of Account: 1) Asset 2) Liability 3) Equity 4) Revenue 5) Expense
Finally 1) Real 2) Nominal
1) Operating Income
2) Dividends PAYABLE
3)
4) Depreciation Expense
5) Dividends DECLARED
6) BEGINNING-of-period Retained Earnings balance
7) Service Fee Revenue
8) Tax Expense
9) Interest Receivable
10) Interest Income
11) Sales
12) Cost of Goods Sold
13) Prepaid Insurance
14) Supplies Expense
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