PE 4-1A Flow of accounts into financial statements

The balances for the accounts listed below appear in the Adjusted Trial Balance columns of the end-of-period spreadsheet. Indicate whether each account would flow into the income statement, statement of owner’s equity, or balance sheet.

1. Accounts Receivable
2. Depreciation Expense—Equipment
3. Gary Van Dyke, Capital
4. Office Equipment
5. Rent Revenue
6. Supplies Expense
7. Unearned Revenue
8. Wages Payable


Answer:
1. Balance sheet
2. Income statement
3. Statement of owner's equity
4. Balance sheet
5. Income statement
6. Income statement
7. Balance sheet
8. Balance sheet