Match each of the six items listed below with one of the following locations: 1. Located on

Question:

Match each of the six items listed below with one of the following locations:
1. Located on the Income Statement debit column of the worksheet
2. Located on the Income Statement credit column of the worksheet
3. Located on the debit column of the worksheet
4. Located on the credit column of the worksheet
______ a. Beginning Merchandise Inventory
______ b. Sales Returns and Allowances
______ c. Accrued Salaries
______ d. Sales
______ e. Ending Merchandise Inventory
______ f. Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...