Select the appropriate financial statement for each of the following accounts. (

Question

Select the appropriate financial statement for each of the following accounts.

(Note: Some items may appear on more than one financial statement.)

a. Income statement

b. Statement of owner's equity

c. Balance sheet

d. Statement of cash flows

1. Rent Expense                         

2. Withdrawals                          

3. Notes payable                    

4. Cash                       

5. Accounts receivable                      

6. Jay Miller, Capital             

7. Supplies Expense               

8. Fees earned                        

Explanation / Answer

Classification :

1. Rent expense Income statement 2. Withdrawals Statement of owner's equity 3. Notes payable Balance sheet 4. Cash Balance sheet 5. Account receivable Balance sheet 6. Jay Miller, Capital    Balance sheet and statement of owner's equity 7. Supplies expense Income statement 8. Fees earned Income statement

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