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.