Matching Questions
Matching Questions
Matching Questions
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
216. Select the appropriate financial statement for each of the following items.
(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. Consulting Revenue
2. Ahmad Khan, Capital
3. Cash investments by owner
4. Cash proceeds from a long-term loan
5. Supplies
6. Cash withdrawals by owner.
7. Cash payments to purchase equipment
8. Advertising Expense
217. Classify the following activities according to the appropriate section of the statement of
cash flows.
a. Operating activity
b. Investing activity
c. Financing activity
1. Cash paid for withdrawals by owners.
2. Cash paid for utilities.
3. Cash received from a one-time sale of used office equipment.
4. Cash paid for a delivery van to be used in the business.
5. Cash received from owner contributions.
6. Cash received from customers.