A list of financial statement items is given below.
1. Accounts receivable
2. Rent payable
3. Retained earnings
4. Cost of sales
5. Prepaid rent
6. Supplies expense
7. Equipment
8. Dividends
9. Depreciation expense
10. Copyrights
11. Accrued liabilities
12. Wages payable
13. Land
14. Notes payable
15. Service revenue
16. Inventory
17. Advertising expense
18. Common stock
Use the format shown below. (a) For each account, indicate the financial statement on which the account would appear. (b) Identify the information provided by the account. The first item is completed as an example:
|
Item |
Financial Statement |
Information Provided |
|
1. Accounts receivable |
Balance sheet |
Cash to be received in the future from prior sales |