Please answer what Financial Statement or Statements the following accounts go on.  Additionally if they are permanent accounts.  Income Statement (1) Balance Sheet (2) Retained Earnings Statement (3) Statement of Cash Flows (4) 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) Accumulated Depreciation 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

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

Please answer what Financial Statement or Statements the following accounts go on.  Additionally if they are permanent accounts. 

Income Statement (1) Balance Sheet (2) Retained Earnings Statement (3) Statement of Cash Flows (4)

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) Accumulated Depreciation

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

 

Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Double entry bookkeeping system
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education