Quiz Ch 02 – Account Classification and Financial Statement Placement

Financial Accounting

Thomas, Tietz, and Harrison

12th Edition

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Classify each account as an asset (A), liability (L), stockholders' equity (SE), revenue (R), or expense (E) and indicate on which financial statement (Balance Sheet (BS), Income Statement (IS), Statement of Cash Flows (CF), or Statement of Retained Earnings (SRE)) the account would appear.

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  • Search Terms: (a), (bs), (cf) (e) (is), (l), (r) (se), (sre). account type account account financial account. also an appear asset balance cash earnings earnings . notes equity expense expense . inventory . accounts flows if income indicate insurance . dividends . cash is liability of on or payable . prepaid payable . service receivable . retained retained revenue revenue . salary sheet statement statement . equipment . common stock . accounts stockholders' the whether would
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