From the following list of selected items taken from the records of Rosewood Appliance Service as of a specific date, identify those that would appear on the balance sheet: 1. Accounts Payable 2. Accounts Receivable 3. Andrew King, Capital 4. Cash 5. Fees Earned 6. Land 7. Rent Expense 8. Supplies 9. Wages Expense 10. Wages Payable Based on the data presented in Exercise 1-16, identify those items that would appear on the income statement.

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

Which of the given series have the same normal balances in the Accounting Equitation? Select one: a. Assets & Expenses b. Assets & Liabilities c. Revenue & Owner's Drawings d. Liabilities & Expenses

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.

43. The purchase of supplies on credit to be use on the main office of the entity, will cause a corresponding what effect on corresponding accounts? a. Increase in assets and decrease in liabilities b. Both increase in assets and liabilities c. Increase in liabilities and decrease in assets d. Both decrease in assets and liabilities

Selected accounts and related amounts for Druid Hills Co. for the fiscal year ended May 31, 20Y8, are presented in Problem 6-5A.   Adjunt problem 6-5A Instructions 1. Prepare a single-step income statement in the format shown in Exhibit 12. 2. Prepare closing entries as of May 31, 20Y8.

From the following list of selected items taken from the records of Bobcat Appliance Service as of a specific date, identify those that would appear on the income statement. 1.  Accounts Payable   2.  Cash   3.  Common Stock   4.  Fees Earned   5.  Land   6.  Rent Expense   7.  Retained Earnings   8.  Supplies   9.  Supplies Expense   10.  Wages Payable