The following account titles were drawn from the general ledger of Holt Food Supplies, Incorporated (HFSI): Computers, Operating Expenses, Rent Revenue, Building, Cash, Notes Payable, Land, Utilities Payable, Utilities Expense, Trucks, Gasoline Expense, Retained Earnings, Supplies, Accounts Payable, Office Furniture, Salaries Expense, Common Stock, Service Revenue, Interest Expense, Dividends, Supplies Expense. Required a. List each account title under the element of the accounting equation to which it belongs. Assets Liabilities + Stockholders' Equity %3D %3D %3D + %3D %3D + + + + %3D b. Will all businesses have the same number of accounts? O Yes O No

a list of each customer account and thre balance owed is a:

Indicate the financial statement on which each of the following items appears. income statement,statement of owner’s equity, and balance sheet. Accounts Receivable

Identifying and Classifying Financial Statement Items For each of the following items, indicate whether they would be reported in the balance sheet (B) or income statement (1). (a) Machinery (b) Supplies expense (c) Inventories (d) Sales (e) Common stock (f) Factory buildings (g) Receivables (h) Taxes payable (i) Taxes expense (i) Cost of goods sold (k) Long-term debt (1) Treasury stock ◆ ◆ ◆ ♦ ♦ ◆ ◆ ♦ ♦

What is the total liabilities, please break down.

Classify each of the following accounts as to whether it appears on the income statement (IS), the balance sheet (BS) or owner’s equity statement (OE) _____1.      Merchandise Inventory                     _____ 6.  Int.  Revenue               ____11. Wales, Drawing   _____2.      Accumulated Depreciation—Truck   _____ 7.  Interest Receivable      ____12. Wales, Capital   _____3.      Depreciation Expense                      _____ 8.  Notes Receivable        ____13. Sales Discounts   _____4.      Cost of Goods Sold                        _____ 9. Interest Expense        ____14. Prepaid Insurance   _____5.      Unearned Revenue                        _____10. Freight Out               _____15. Sales

The amount found in the Income Statement debit column on the worksheet for Income Summary is​ the:   A.ending inventory.   B.beginning inventory.   C.total amount of expenses.   D.total amount of revenues.

What does each account fall under financial statement, major classification, and possible account number?