flow of accounts into financial statements\nthe balances for the accounts that follow appear in the adjusted…

flow of accounts into financial statements\nthe balances for the accounts that follow appear in the adjusted trial balance columns of the end - of - period spreadsheet. indicate whether each account would flow into the income statement, statement of stockholders’ equity, or balance sheet.\n1. accounts payable\n2. accounts receivable\n3. cash\n4. dividends\n5. fees earned\n6. supplies\n7. unearned rent\n8. utilities expense\n9. wages expense\n10. wages payable

flow of accounts into financial statements\nthe balances for the accounts that follow appear in the adjusted trial balance columns of the end - of - period spreadsheet. indicate whether each account would flow into the income statement, statement of stockholders’ equity, or balance sheet.\n1. accounts payable\n2. accounts receivable\n3. cash\n4. dividends\n5. fees earned\n6. supplies\n7. unearned rent\n8. utilities expense\n9. wages expense\n10. wages payable

Answer

Brief Explanations:

  1. Accounts Payable is a liability, so it goes to the balance - sheet.
  2. Accounts Receivable is an asset, so it goes to the balance - sheet.
  3. Cash is an asset, so it goes to the balance - sheet.
  4. Dividends affect stockholders' equity and go to the statement of stockholders' equity.
  5. Fees Earned is a revenue account and goes to the income statement.
  6. Supplies are assets and go to the balance - sheet.
  7. Unearned Rent is a liability and goes to the balance - sheet.
  8. Utilities Expense is an expense account and goes to the income statement.
  9. Wages Expense is an expense account and goes to the income statement.
  10. Wages Payable is a liability and goes to the balance - sheet.

Answer:

  1. Balance Sheet
  2. Balance Sheet
  3. Balance Sheet
  4. Statement of Stockholders' Equity
  5. Income Statement
  6. Balance Sheet
  7. Balance Sheet
  8. Income Statement
  9. Income Statement
  10. Balance Sheet