Glencoe Accounting

Chapter 19: Financial Statements for a Corporation

Homework Practice

Accounts and Financial Statements

Instructions

For each account below, state which financial statement(s) the accounts should appear in by choosing the appropriate letter beside the financial statement(s).

  1. Income statement
  2. Retained earnings statement
  3. Balance sheet
  4. Income statement and balance sheet
  5. Income statement and retained earnings statement

f. Balance sheet and retained earnings statement

Item

Financial Statement

1.

Cash in Bank

 

2.

Ending Merchandise Inventory

 

3.

Net Income

 

4.

Utilities Expense

 

5.

Beginning Retained Earnings

 

6.

Beginning Merchandise Inventory

 

7.

Ending Retained Earnings

 

8.

Payroll Tax Expense

 

9.

Salaries Expense

 

10.

Transportation In

 

11.

Supplies Expense

 

12.

Supplies

 

13.

Employees' Federal Income Tax Payable

 

14.

Accounts Payable

 
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