1. (2pts) Account classification #2: Below are selected accounts of The Gathering Sound, Ltd. For each account, write whether it would appear on their Income Statement as a Revenue (R) or as an Expense (E). If the account would not appear on the income statement, write Not on Income Statement (I/S) and briefly explain why it would not be included on the income statement:

Account title

Service revenue

Supplies

Wages Expense

Wages Payable

Dividends

Sales Revenue

Rent Expense

Retained Earnings

Utilities Expense

Accounts Payable