3. Classify each of the following items according to (1) whether it belongs on the income statement (IS) or balance sheet (BS).

Item Classified as

a. Salaries expense _________________________

b. Equipment _________________________

c. Accounts payable _________________________

d. Membership fees earned _________________________

e. Capital stock _________________________

f. Accounts receivable _________________________

g. Buildings _________________________

h. Advertising expense _________________________

i. Retained earnings _________________________