Managers often consult financial statements for specific types of information. Indicate whether each of the following items would appear on the income statement, statement of owner's equity, or the balance sheet. Note that an item may appear on more than one statement. The first item is completed as an example.?Income StatementStatement of Owner's EquityBalance SheetCash on hand??XAccounts payable of the business???Accounts receivable of the business???Accumulated depreciation on the firm's equipment???Amount of depreciation charged off on the firm's equipment during the period???Book value of the firm's equipment???Cost of supplies used during the period???Net income for the period???Original cost of the firm's equipment???Owner's
capital at the end of the period???Owner's withdrawals for the period???Revenue earned during the period???Supplies on hand???Total assets of the business???Total expenses for the period???
What will be an ideal response?
| ? | Income Statement | Statement of Owner's Equity | Balance Sheet |
| Cash on hand | ? | ? | X |
| Accounts payable of the business | ? | ? | X |
| Accounts receivable of the business | ? | ? | X |
| Accumulated depreciation on the firm's equipment | ? | ? | X |
| Amount of depreciation charged off on the firm's equipment during the period | X | ? | ? |
| Book value of the firm's equipment | ? | ? | X |
| Cost of supplies used during the period | X | ? | ? |
| Net income for the period | X | X | ? |
| Original cost of the firm's equipment | ? | ? | X |
| Owner's capital at the end of the period | ? | X | X |
| Owner's withdrawals for the period | ? | X | ? |
| Revenue earned during the period | X | ? | ? |
| Supplies on hand | ? | ? | X |
| Total assets of the business | ? | ? | X |
| Total expenses for the period | X | ? | ? |
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