Accounting Quiz #1

Cost of merchandise sold

• Balance Sheet only

• Income Statement only

• Balance Sheet and Income Statement

• Statement of Changes in Owner’s Equity only

Beginning balance of merchandise inventory

• Income Statement only

• Balance Sheet and Income Statement

• Balance Sheet only

• Income Statement and Statement of Changes in Owner’s Equity

Investments made by owner during the fiscal period

• Balance Sheet and Statement of Changes in Owner’s Equity

• Income Statement and Statement of Changes in Owner’s Equity

• Statement of Changes in Owner’s Equity only

• Balance Sheet only

Beginning balance of capital

• Statement of Changes in Owner’s Equity only

• Balance Sheet and Income Statement

• Income Statement and Statement of Changes in Owner’s Equity

• Balance Sheet only

Ending balance of capital  

• Balance Sheet and Income Statement

• Statement of Changes in Owner’s Equity only

• Balance Sheet and Statement of Changes in Owner’s Equity

• Income Statement and Statement of Changes in Owner’s Equity

Sales tax payable

• Balance Sheet and Statement of Changes in Owner’s Equity

• Balance Sheet only

• Balance Sheet and Income Statement

• Income Statement only

Ending balance of merchandise inventory

• Statement of Changes in Owner’s Equity only

• Balance Sheet and Income Statemen

• Balance Sheet and Statement of Changes in Owner’s Equity

• Balance Sheet only

Fees earned

• Income Statement only

• Balance Sheet only

• Income Statement and Statement of Changes in Owner’s Equity

• Balance Sheet and Income Statement

Net loss

• Income Statement only

• Balance Sheet and Statement of Changes in Owner’s Equity

• Statement of Changes in Owner’s Equity only

• Income Statement and Statement of Changes in Owner’s Equity

Owner withdrawals

• Income Statement and Statement of Changes in Owner’s Equity

• Balance Sheet and Income Statement

• Statement of Changes in Owner’s Equity only

• Balance Sheet only