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Match Each Item Below Would Appear on the Income Statement

Question 172

Matching

Match each item below would appear on the income statement (IS), balance sheet (BS), or statement of retained earnings (E).

Premises:

Responses:

Common Stock

income statement (IS)

Dividends

balance sheet (BS)

Wages Expense

statement of retained earnings (E)

Commissions Earned

Buildings

Accounts Payable

Utilities Expense

Beginning Retained Earnings

Accounts Receivable

Notes Payable

Premises:

Common Stock

Dividends

Wages Expense

Commissions Earned

Buildings

Accounts Payable

Utilities Expense

Beginning Retained Earnings

Accounts Receivable

Notes Payable

Responses:

income statement (IS)

balance sheet (BS)

statement of retained earnings (E)

Correct Answer:

Premises:

Responses:

Common Stock

Dividends

Wages Expense

Commissions Earned

Buildings

Accounts Payable

Utilities Expense

Beginning Retained Earnings

Accounts Receivable

Notes Payable

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