EX 4-1 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 Payable
2. Accounts Receivable
3. Cash
4. Dora Kovar, Drawing
5. Fees Earned
6. Supplies
7. Unearned Rent
8. Utilities Expense
9. Wages Expense
10. Wages Payable

Answer:
1. Balance Sheet
2. Balance Sheet
3. Balance Sheet
4. Statement of Owner's Equity
5. Income Statement
6. Balance Sheet
7. Balance Sheet
8. Income Statement
9. Income Statement
10. Balance Sheet