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+ Chapter 1 assignment Question 2 of 3 -12 View Polleles Current Attempt in Progress The following items and amounts were taken from Cullumber Ine's
+ Chapter 1 assignment Question 2 of 3 -12 View Polleles Current Attempt in Progress The following items and amounts were taken from Cullumber Ine's 2022 Statement of income and statement of financial position Cash $108,560 Accounts receivable $113,935 Retained earnings 158.554 Service revenue 748,761 Salaries expense 561,966 Income tax payable 7,599 Office expense 140,089 Accounts payable 63.507 Prepaid insurance 11,054 Rent revenue 6.229 Inventory 82894 Interest expense 3,995 Income tax expense 7.216 In each case, identify whether the item is an asset, liability, shareholder's equity, revenue, or expense Item. Cash Retained earnings Salaries expense Office expense Prepaid insurance Inventory Income tax expense Accounts receivable Service revenue Income tax payable Accounts payable Rent revenue Interest expense
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