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  • Feb 3, 2008, 03:11 PM
    nikapatterson
    Appropriate financial statement category
    Hello,

    Can someone out there help me out with the question below?
    I am really struggling with this accelerated online accounting class. Thanking you in advance.


    To the left of each of the following items, write the letter representing the appropriate financial statement category in which the item would most appropriately appear: A, L, OE, R or E, to represent Asset, Liability, Owners Equity, Revenue or Expense:

    The amount of dividends declared during the period

    The amount of depreciation accumulated on plant assets

    Treasury stock

    Revenue that has been recorded but not yet earned
  • Feb 3, 2008, 03:23 PM
    justwonder2
    1. Increase in liability
    Debt - Dividend declared Credit _ dividend payable
    2. Increase in Expense
    Debt - Depreciation expense Credit - Accumulated depreciation
    3. Not sure - Sorry

    4. Increase in Liablility
    Credit unearned revenue

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