Match the Following Items with the Appropriate Financial Statement

question 17

Essay

Match the following items with the appropriate financial statement:
a.Income statement
b.Balance sheet
c.Retained earnings statement
d.Statement of cash flows
(1)Cash
(2)Salary expense
(3)Unearned revenue
(4)Depreciation expense
(5)Capital stock
(6)Cash flows from operating activities
(7)Accounts receivable
(8)Beginning balance of retained earnings
(9)Notes payable
(10)Accounts payable
(11)Changes in current assets and current liabilities
(12)Total expenses

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Definitions:

Goods In Transit

Merchandise or inventory items that have been shipped by a seller but not yet received by the buyer, often considered in inventory counts.