Answer: Please refer to Explanation
Explanation:
The following are the financial statements that the above Accounts appear in,
a. Accumulated Depreciation. BALANCE SHEET.
It shows the Net Book Value of a Fixed Asset.
b. Depreciation Expense. INCOME STATEMENT.
Showing the depreciation expense for the year to enable it to be deducted from income.
c. Retained Earnings (beginning). STATEMENT OF RETAINED EARNINGS.
To record the amount of earnings that the company retained.
d. Dividends. STATEMENT OF RETAINED EARNINGS.
Dividends are paid from Retained Earnings so have to be accounted for in this account.
e. Service Revenue. INCOME STATEMENT.
To add this revenue to the company's income.
f. Supplies. BALANCE SHEET.
Listed after Inventory to account for the cost of holding the supplies for a period.
g. Accounts Payable. BALANCE SHEET.
Recorded as a Current Liability to show that the company owes the amount but only in the short term.
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