Answer :
Certainly! Let's identify which financial statements each of these items appear on. Here's a detailed, step-by-step solution for each item:
1. Supplies: This item would appear on the Balance Sheet (BS).
2. Rent Expense: This item would appear on the Income Statement (IS).
3. Cash Flow from Financing Activities: This item would appear on the Statement of Cash Flows (CF).
4. Price/Earnings Ratio: This item does not appear on any financial statement. It is labeled as Not Applicable (NA).
5. "As of" Date Notation: This item is related to the Balance Sheet (BS).
6. Taxes Payable: This item would appear on the Balance Sheet (BS).
7. Ending Retained Earnings: This item would appear on the Statement of Changes in Stockholders' Equity (SE).
8. Unearned Revenue: This item would appear on the Balance Sheet (BS).
9. Net Income: This item appears on both the Income Statement (IS) and the Statement of Changes in Stockholders' Equity (SE).
10. Service Revenue: This item would appear on the Income Statement (IS).
11. Dividends: This item would appear on the Statement of Changes in Stockholders' Equity (SE).
12. Cash Flow from Investing Activities: This item would appear on the Statement of Cash Flows (CF).
13. Net Change in Cash: This item would appear on the Statement of Cash Flows (CF).
14. Consulting Revenue: This item would appear on the Income Statement (IS).
15. Utilities Expense: This item would appear on the Income Statement (IS).
16. "For the Period Ended": This item is related to the Income Statement (IS).
17. Operating Expenses: This item would appear on the Income Statement (IS).
18. Land: This item would appear on the Balance Sheet (BS).
19. Beginning Retained Earnings: This item would appear on the Statement of Changes in Stockholders' Equity (SE).
20. Ending Common Stock: This item would appear on the Statement of Changes in Stockholders' Equity (SE).
21. Beginning Common Stock: This item would appear on the Statement of Changes in Stockholders' Equity (SE).
22. Salaries Expense: This item would appear on the Income Statement (IS).
23. Prepaid Insurance: This item would appear on the Balance Sheet (BS).
24. Prepaid Rent: This item would appear on the Balance Sheet (BS).
25. Beginning Cash Balance: This item would appear on the Statement of Cash Flows (CF).
26. Accounts Payable: This item would appear on the Balance Sheet (BS).
27. Ending Cash Balance: This item would appear on the Statement of Cash Flows (CF).
28. Total Assets: This item would appear on the Balance Sheet (BS).
29. Salaries Payable: This item would appear on the Balance Sheet (BS).
30. Insurance Expense: This item would appear on the Income Statement (IS).
31. Notes Payable: This item would appear on the Balance Sheet (BS).
32. Accounts Receivable: This item would appear on the Balance Sheet (BS).
33. Interest Receivable: This item would appear on the Balance Sheet (BS).
34. Interest Revenue: This item would appear on the Income Statement (IS).
In summary, here are the items categorized accordingly:
| Items | IS, SE, BS, OR CF |
|-------------------------------------------|-------------------|
| Supplies | BS |
| Rent Expense | IS |
| Cash Flow from Financing Activities | CF |
| Price/Earnings Ratio | NA |
| "As of" Date Notation | BS |
| Taxes Payable | BS |
| Ending Retained Earnings | SE |
| Unearned Revenue | BS |
| Net Income | IS, SE |
| Service Revenue | IS |
| Dividends | SE |
| Cash Flow from Investing Activities | CF |
| Net Change in Cash | CF |
| Consulting Revenue | IS |
| Utilities Expense | IS |
| "For the Period Ended" | IS |
| Operating Expenses | IS |
| Land | BS |
| Beginning Retained Earnings | SE |
| Ending Common Stock | SE |
| Beginning Common Stock | SE |
| Salaries Expense | IS |
| Prepaid Insurance | BS |
| Prepaid Rent | BS |
| Beginning Cash Balance | CF |
| Accounts Payable | BS |
| Ending Cash Balance | CF |
| Total Assets | BS |
| Salaries Payable | BS |
| Insurance Expense | IS |
| Notes Payable | BS |
| Accounts Receivable | BS |
| Interest Receivable | BS |
| Interest Revenue | IS |
Each financial statement carries specific types of information, and understanding these categorization helps in comprehending where certain financial elements belong.
1. Supplies: This item would appear on the Balance Sheet (BS).
2. Rent Expense: This item would appear on the Income Statement (IS).
3. Cash Flow from Financing Activities: This item would appear on the Statement of Cash Flows (CF).
4. Price/Earnings Ratio: This item does not appear on any financial statement. It is labeled as Not Applicable (NA).
5. "As of" Date Notation: This item is related to the Balance Sheet (BS).
6. Taxes Payable: This item would appear on the Balance Sheet (BS).
7. Ending Retained Earnings: This item would appear on the Statement of Changes in Stockholders' Equity (SE).
8. Unearned Revenue: This item would appear on the Balance Sheet (BS).
9. Net Income: This item appears on both the Income Statement (IS) and the Statement of Changes in Stockholders' Equity (SE).
10. Service Revenue: This item would appear on the Income Statement (IS).
11. Dividends: This item would appear on the Statement of Changes in Stockholders' Equity (SE).
12. Cash Flow from Investing Activities: This item would appear on the Statement of Cash Flows (CF).
13. Net Change in Cash: This item would appear on the Statement of Cash Flows (CF).
14. Consulting Revenue: This item would appear on the Income Statement (IS).
15. Utilities Expense: This item would appear on the Income Statement (IS).
16. "For the Period Ended": This item is related to the Income Statement (IS).
17. Operating Expenses: This item would appear on the Income Statement (IS).
18. Land: This item would appear on the Balance Sheet (BS).
19. Beginning Retained Earnings: This item would appear on the Statement of Changes in Stockholders' Equity (SE).
20. Ending Common Stock: This item would appear on the Statement of Changes in Stockholders' Equity (SE).
21. Beginning Common Stock: This item would appear on the Statement of Changes in Stockholders' Equity (SE).
22. Salaries Expense: This item would appear on the Income Statement (IS).
23. Prepaid Insurance: This item would appear on the Balance Sheet (BS).
24. Prepaid Rent: This item would appear on the Balance Sheet (BS).
25. Beginning Cash Balance: This item would appear on the Statement of Cash Flows (CF).
26. Accounts Payable: This item would appear on the Balance Sheet (BS).
27. Ending Cash Balance: This item would appear on the Statement of Cash Flows (CF).
28. Total Assets: This item would appear on the Balance Sheet (BS).
29. Salaries Payable: This item would appear on the Balance Sheet (BS).
30. Insurance Expense: This item would appear on the Income Statement (IS).
31. Notes Payable: This item would appear on the Balance Sheet (BS).
32. Accounts Receivable: This item would appear on the Balance Sheet (BS).
33. Interest Receivable: This item would appear on the Balance Sheet (BS).
34. Interest Revenue: This item would appear on the Income Statement (IS).
In summary, here are the items categorized accordingly:
| Items | IS, SE, BS, OR CF |
|-------------------------------------------|-------------------|
| Supplies | BS |
| Rent Expense | IS |
| Cash Flow from Financing Activities | CF |
| Price/Earnings Ratio | NA |
| "As of" Date Notation | BS |
| Taxes Payable | BS |
| Ending Retained Earnings | SE |
| Unearned Revenue | BS |
| Net Income | IS, SE |
| Service Revenue | IS |
| Dividends | SE |
| Cash Flow from Investing Activities | CF |
| Net Change in Cash | CF |
| Consulting Revenue | IS |
| Utilities Expense | IS |
| "For the Period Ended" | IS |
| Operating Expenses | IS |
| Land | BS |
| Beginning Retained Earnings | SE |
| Ending Common Stock | SE |
| Beginning Common Stock | SE |
| Salaries Expense | IS |
| Prepaid Insurance | BS |
| Prepaid Rent | BS |
| Beginning Cash Balance | CF |
| Accounts Payable | BS |
| Ending Cash Balance | CF |
| Total Assets | BS |
| Salaries Payable | BS |
| Insurance Expense | IS |
| Notes Payable | BS |
| Accounts Receivable | BS |
| Interest Receivable | BS |
| Interest Revenue | IS |
Each financial statement carries specific types of information, and understanding these categorization helps in comprehending where certain financial elements belong.