Identifying Account Flows: Income Statement, Owner's Equity, and

Module 8 Assignment #1 3/1/23Kyle Reece The balances for the accounts that follow appear in the Adjusted Trial Balance columns of the end-of-period spreadsheet. Indicate whether each account would flow into the income statement, statement of owner's equity, or balance sheet. 1.Supplies - Balance sheet 2.David Smith, Drawing - Statement of Owner's Equity 3.Fees Earned - Income Statement 4.Unearned Rent - Balance sheet 5.Prepaid Expenses - Balance sheet 6.Insurance Expense - Income Statement 7.Accumulated Depreciation - Furniture & Fixtures - Balance sheet 8.Rent Revenue - Income Statement 9.Plant, Property and Equipment - Balance sheet 10.David Smith, Capital - Statement of owner's equity This assignment is worth 10 points - one point per answer.