Acct 284 CH 1January 19th Worksheet1.) What is Accounting?2.) Fill in the Blanks and give examples of internal/external users 3.) List the four Financial Statements in the order an organization normally puts them together.4.) Below is a List of multiple accounts. Next to each one label them one of the following: IS(income statement), BS (Balance Sheet), SRE( Statement of Retained Earnings), or SCF ( Statement of CashFlow).- Sales Revenue- Cash- Accounts Payable- Contributed Capital- Insurance Expense- Retained Earnings- Notes Payable- Dividends- Cash collected from customers- Wages ExpenseAccounting AccountingAccountingSystemInternal Users---External Users---Acct 284 CH 1January 19th Worksheet5.) What is Stockholder Equity made up of?6.) Fill out the “Explanation” part of each ofthe statements. Income Statement Balance Sheet Balance SheetRevenues+Expenses=Net IncomeAssets=Liabilities+Stockholder
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