The following account titles were drawn from the general ledger of Holt Food Supplies, Incorporated (HFSI): Computers, Operating Expenses, Rent Revenue, Building, Cash, Notes Payable, Land, Utilities Payable, Utilities Expense, Trucks, Gasoline Expense, Retained Earnings, Supplies, Accounts Payable, Office Furniture, Salaries Expense, Common Stock, Service Revenue, Interest Expense, Dividends, Supplies Expense.Label each account title as either an asset, liability, or stockholders' equity.

Question

03-09-2019
Business

contestada

The following account titles were drawn from the general ledger of Holt Food Supplies, Incorporated (HFSI): Computers, Operating Expenses, Rent Revenue, Building, Cash, Notes Payable, Land, Utilities Payable, Utilities Expense, Trucks, Gasoline Expense, Retained Earnings, Supplies, Accounts Payable, Office Furniture, Salaries Expense, Common Stock, Service Revenue, Interest Expense, Dividends, Supplies Expense.Label each account title as either an asset, liability, or stockholders' equity.

Respuesta :

Otras preguntas

is on-the-job training for recently graduated recruits from the police academy. The training is provided by specially selected patrol officers and is designed t

The fiscal deficit of the country Zoldova has been increasing at an alarming rate for the last decade. One of the major reasons for the worsening fiscal deficit

If the coordinates of point A are (8 , 0) and the coordinates of point B are (3 , 7), the y-intercept of AB is ___ . If the coordinates of point D are (5 , 5),

The diffuser in a jet engine is designed to decrease the kinetic energy of the air entering the engine compressor without any work or heat interactions. Calcula

Mrs. Snell is writing a book. She has already written 25 pages and decides to write 4 pages a day to reach a total of 225 pages. Which equation can be used to

In rectangle abcd, points p and q lie on side AB and DC respectively. Angle PMQ is a right angle, M is the midpoint of side BC and PB=4/3 BC. What is the ratio

A research study was conducted about gender differences in "sexting." The researcher believed that the proportion of girls involved in "sexting" is less than th

The initial kinetic energy imparted to a 0.97 kg bullet is 1150 J. The acceleration of gravity is 9.81 m/s 2 . Neglecting air resistance, find the range of this

Cave Hardware's forecasted sales for April; May; June; and July are $ 200,000; $ 210,000; $ 150,000; and $ 240,000; respectively. Sales are 70% cash and

Which of the following will be expected to be activated during times of prolonged starvation? (select all correct answers) a. Gluconeogenesis in kidney b. Lipog

stokholm stokholm · Answer 1 · 2019-09-09T08:19:04+02:00

Answer:

For the provided accounts we have

Assets = Liabilities + Stockholder's equity

Stockholder's Equity = Stock + retained earnings

Here, for the list the items and their respective headings are:

Main solution:

Computers = Asset

Operating expenses = Retained earnings = Stockholder's Equity

Rent Revenue = Retained Earnings = Stockholder's Equity

Building = Asset

Cash = Asset

Notes Payable = Liability

Land = Asset

Utilities Payable = Liability

Utilities Expense = Retained Earning = Stockholder's Equity

Trucks = Assets

Gasoline Expense = Retained Earnings = Stockholder's Equity

Retained Earnings = Stockholder's Equity

Supplies = Asset

Accounts Payable = Liability

Office Furniture = Asset

Salaries Expense = Retained Earnings = Stockholder's Equity

Common Stock = Stockholder's Equity

Service Revenue = Retained Earnings = Stockholder's Equity

Interest Expense = Retained Earnings = Stockholder's Equity

Dividends = Retained Earnings = Stockholder's Equity

Supplies Expense = Retained Earnings = Stockholder's Equity

Note: All the expense items are deducted from retained earnings and thus deducted from stockholder's equity.

And all the incomes are added to retained earnings and thus, added to stockholder's equity.

andromache andromache · Answer 2 · 2019-09-09T08:57:25+02:00

Answer:

Explanation:

Asset: It include all types of assets such as current assets, fixed assets, etc.

It includes computers, buildings, cash, land, trucks, supplies, office furniture.

Liability: It includes Notes payable, utilities payable, accounts payable

Stockholder's equity: It has two parts

1. Equity: It includes common stock

2. Retained earnings: It includes retained earnings, operating expenses, rent revenue, utility expense, gasoline expense, salary expense, service revenue, interest expense, dividends.

operating expenses, rent revenue, utility expense, gasoline expense, salary expense, service revenue, interest expense these are the part of the income statement through which net income or net loss can be computed.