Final answer:
The balance sheet items from the list provided for Rogers Company include Assets, Stockholders' Equity, Land, Notes Payable, Common Stock, Cash, Liabilities, and Retained Earnings. Salary expense, Rent revenue, Cash collected from the issue of stock, Cash paid for dividends, and Cash paid to purchase land are part of the income statement or cash flow statement, while Dividends appear on the retained earnings statement.
Step-by-step explanation:
Items that are drawn from the balance sheet include assets, liabilities, and shareholders' equity components. Specifically, from the list provided for Rogers Company, the following items would appear on the balance sheet:
- Assets (1) - Represent resources owned by the company like cash, inventory, and equipment.
- Land (4) - A fixed asset, part of the real estate owned by the company.
- Stockholders' Equity (2) - Represents the owners' claim after liabilities are paid off and includes common stock and retained earnings.
- Notes Payable (6) - A liability; represents money the company owes through formal promissory notes.
- Common Stock (8) - Part of equity; represents the equity held by stockholders.
- Cash (10) - An asset; the most liquid form of asset held by the company.
- Liabilities (11) - Represents debts and obligations the company owes to outside parties.
- Retained Earnings (14) - Part of equity; represents the accumulated net income retained in the company.
Items such as Salary expense (3), Rent revenue (5), Cash collected from the issue of stock (7), Cash paid for dividends (9), and Cash paid to purchase land (13) belong to the income statement or the cash flow statement. Dividends (12) would appear in the retained earnings statement, which is a component of the equity section of the balance sheet.