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. Jean Kehler, Capital
4. Office Equipment
5. Rent Revenue
6. Supplies Expense
7. Unearned Revenue
8. Wages Payable

Answer:
1. Balance sheet
2. Income statement
3. Balance sheet
4. Balance sheet
5. Income statement
6. Income statement
7. Balance sheet
8. Balance sheet