Indicate Which Financial Statement Would Report the Items Listed in the Table

question 194

Essay

Indicate which financial statement would report the items listed in the table below.
Use the following code:
IS = Income statement
SE = Statement of changes in shareholders' equity
BS = Balance sheet
CF = Statement of cash flows
NONE = The item does not appear on any financial statement.

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Definitions:

Journal

A detailed record where all financial transactions of a business are initially recorded before summarizing them into ledgers.

Journalizing

The process of recording transactions in a journal or diary in chronological order before they are posted to ledgers.

Post Reference Notation

A notation in a ledger to indicate the source of each entry, facilitating the traceability and verification of transactions.

Ledger

A book or electronic record used to record all of a company's financial transactions in accounts.