Provided a service to a customer on account c ANSWER: Purchased supplies on credit a ANSWER: Paid wages f ANSWER: Cash investment by owner c ANSWER: Borrowed money from a bank a ANSWER: Purchased equipment for cash d ANSWER: Received cash for providing services to customers c ANSWER: Used up supplies that were already on hand f ANSWER: Match the following characteristics with the financial statement it describes it. Each may be used more than once. Income Statement Balance Sheet Statement of Equity Owner’s Statement of Cash Flows DIFFICULTY: Bloom’s: Remembering Easy ACCT.WARD.16.01-05 - 01-05 LEARNING OBJECTIVES: ACCT.ACBSP.APC.06 - Recording Transactions ACCREDITING STANDARDS:
Provided a service to a customer on account ANSWER: c Purchased supplies on credit ANSWER: a Paid wages ANSWER: f Cash investment by owner ANSWER: c Borrowed money from a bank ANSWER: a Purchased equipment for cash ANSWER: d Received cash for providing services to customers ANSWER: c Used up supplies that were already on hand ANSWER: f Match the following characteristics with the financial statement it describes it. Each may be used more than once. Income Statement Balance Sheet Statement of Owner’s Equity Statement of Cash Flows DIFFICULTY: Bloom’s: Remembering Easy LEARNING OBJECTIVES: ACCT.WARD.16.01-05 - 01-05 ACCREDITING STANDARDS: ACCT.ACBSP.APC.06 - Recording Transactions
Accouting-26th-Edition-Test-Bank.docx