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engageNOW Oil and resource from Cengan Leming Cash balance, May 1, 2016 Cash balance, May 31, 2016 8. EX.01.22 Financial Statements Each of the following items is shown on the financial statements of Exxon Mobil Corporation (XOM): a. Identify the financial statement (balance sheet or income statement) in which each item would appear. Balance Sheet Balance Sheet Income Statement Income Swenent Income Strennt 1. Accounts payable 2. Cash equivalents 3. Crude oil inventory 4. Equipment 5. Exploration expenses 6. Income taxes payable 7. Investments 8. Long-term debt 9. Marketable securities 10. Notes and loans payable 11. Notes receivable 12. Operating expenses 13. Prepaid taxes 14. Sales 15. Selling expenses b. Can an item appear on more than one financial statement? c. Is the accounting equation relevant for Exxon Mobil Corporation? Explain. , the accounting equation relevant to all companies. The account equation is the basis for accounting systems. 9. PR.01.02A.BLANKSHEET Financial statements Instructions The assets and liabilities of Global Travel Agency on December 31, 2045, and its revenue and expenses for the year