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Account Identification Presented below is a list of financial statement accounts. Using the letter A for assets, L for liabilities, SE for shareholders' equity, R
Account Identification Presented below is a list of financial statement accounts. Using the letter A for assets, L for liabilities, SE for shareholders' equity, R for revenue, E for expenses, and N/A for not applicable, identify (a) whether the listed accounts appear on the balance sheet (B/S) or income statement (1/5), and if so, (b) the nature of the account (A, L, SE, R, E, or N/A). (a) (b) (a) (b) 1.Accounts receivable B/S . . - 2.Common stock B/S SE 3.Sales I/S R * N/A A 9.Depreciation expense 10.Accounts payable 11.Cash flow from operating activities N/A 12.Cash B/S 13.Cost of goods sold 14.Equipment 15.Selling expense 16.Interest income - - 4.Land 5.Retained earnings B/S 6.Notes payable 7. Dividends paid 8.Inventory B/S Please answer all parts of the
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