Financial Statement Classification Potential stockholders and lenders are interested in a company’s financial statements. Identify the statement—balance sheet (BS), income statement (IS), or retained earnings statement (RE)—on which each of the following items would appear.

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1. Accounts payable 2. Accounts receivable 3. Advertising expense 4. Bad debt expense 5. Bonds payable 6. Buildings 7. Cash 8. Common stock 9. Depreciation expense 10. Dividends 11. Land held for future expansion 12. Loan payable 13. Office supplies 14. Patent 15. Patent amortization expense 16. Prepaid insurance 17. Retained earnings 18. Sales 19. Utilities expense 20. Wages payable