In: Accounting
Match the account name with the correct financial statement and section that the account name can be found on (apologize for format congruence)
Advertising Expense
Revenues |
Sales Allowances |
Cost of Goods Sold Meals expense Interest income Travel Expenses Entertainment expenses Unrealized Gain on Sale Fees Earned Insurance Expense |
Service Revenues |
Interest Expense |
Legal Expenses |
Options to choose from:
Balance Sheet - Current Asset
Balance Sheet - Non Current Asset
Balance Sheet - Current Liability
Balance Sheet - Non Current Liability
Balance Sheet - Equity
Income Statement - Revenue (part of the Gross Profit calculation)
Income Statement - Operating expenses
Income Statement - Other
Thanks
Answer:
Advertising Expense | Income Statement - Operating expenses |
Revenues | Income Statement - Revenue |
Sales Allowances | Income Statement - Revenue |
Cost of Goods Sold | Income Statement - Operating expenses |
Meals expense | Income Statement - Operating expenses |
Interest income | Income Statement - Other |
Travel Expenses | Income Statement - Operating expenses |
Entertainment expenses | Income Statement - Operating expenses |
Unrealized Gain on Sale | Income Statement - Other |
Fees Earned | Income Statement - Revenue |
Insurance Expense | Income Statement - Operating expenses |
Service Revenues | Income Statement - Revenue |
Interest Expense | Income Statement - Other |
Legal Expenses | Income Statement - Operating expenses |
Additional points 1:
Furniture and Fixtures | Balance Sheet - Non Current Asset |
Payroll tax expense | Income Statement - Operating expenses |
Computers | Balance Sheet - Non Current Asset |
Common Stock | Balance Sheet - Equity |
Vehicles | Balance Sheet - Non Current Asset |
Capital | Balance Sheet - Equity |
Stock Supplies | Balance Sheet - Current Asset |
Accrued Liabilities - short term | Balance Sheet - Current Liability |
Long term investments | Balance Sheet - Non Current Asset |
Leasehold Improvements | Balance Sheet - Non Current Asset |
Retained Earnings | Balance Sheet - Equity |
Buildings | Balance Sheet - Non Current Asset |
Sales taxes payable | Balance Sheet - Current Liability |
Sales Discounts | Income Statement - Revenue |
Accounts Receivable | Balance Sheet - Current Asset |
Premium on Bonds - long term | Balance Sheet - Non Current Liability |
Contributed Capital | Balance Sheet - Equity |
Land | Balance Sheet - Non Current Asset |
Accounts Payable | Balance Sheet - Current Liability |
Additional Paid In capital - treasury stock | Balance Sheet - Equity |
Interest Expense | Income Statement - Operating expenses |
Sales | Income Statement - Revenue |
Additional points 2:
Supplies | Balance Sheet - Current Asset |
Loss on Sale | Income Statement - Operating expenses |
Bonds Payable - long term portion | Balance Sheet - Non Current Liability |
Allowance for doubtful accounts | Balance Sheet - Current Asset |
Marketable Securities | Balance Sheet - Current Asset |
Short term investments | Balance Sheet - Current Asset |
Salaries Payable | Balance Sheet - Current Liability |
Warranties Payable - short term portion | Balance Sheet - Current Liability |
Property Taxes Expense | Income Statement - Operating expenses |
Wage Expense | Income Statement - Operating expenses |
Preferred Stock | Balance Sheet - Equity |
Cash | Balance Sheet - Current Asset |
Goodwill | Balance Sheet - Non Current Asset |
Intellectual Property | Balance Sheet - Non Current Asset |
Inventories | Balance Sheet - Current Asset |
Utilities Expense | Income Statement - Operating expenses |
Unearned Revenue - long term portion | Balance Sheet - Non Current Liability |
In case of any doubt, please feel free to comment.