M1-6 | | | | | | | | | | | Matching Financial Statement Items to Balance Sheet and Income Statement Categories | | | | | | | Answer | Statement | | | | 1 | Accounts Receivable | | | | | | | 2 | Selling and Administrative Expenses | | | | | | 3 | Cash | | | | | | | | | 4 | Equipment | | | | | | | | 5 | Advertising Expense | | | | | | | 6 | Sales Revene | | | | | | | | 7 | Notes Payable | | | | | | | | 8 | Retained Earnings | | | | | | | | 9 | Accounts Payable | | | | | | | | | | | | | | | | | | | A = | Assets | | | | | | | | | L = | Liabilities | | | | | | | | SE = | Stockholders' Equity | | | | | | | R = | Revenue | | | | | | | | | E = | Expense | | | | | | | | | IS = | Income Statement | | | | | | | | BS = | Balance Sheet | | | | | | M1-9 | | | | | | | | | | | | Matching Financial Statement Items to the Four Basic Financial Statements | | | | | | | | | | | | | | | | Element | | | Financial Statement | | | | Answer | 1 | Cash Flows from Financing Activitiies | A | Balance Sheet | | | | 2 | Expenses | | | | B | Income Statement | | | | 3 | Cash Flows from Investing Activities | C | Statement of Retained Earnings | | 4 | Assets | | | | D | Statement of Cash Flows | | | 5 | Dividends | | | | | | | | | 6 | Revenues | | | | | | | | | 7 | Cash Flows from Operating Activities | | | | | | | 8 | Liabilities | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | E1-1 | | | | | | | | | | | Reporting Amounts on the Four Basic Financial Statements | | | | | | | | | | | | | | | |