Financial Statements - Accounts and Debits and Credits For each of the following accounts, TO THE LEFT place the letter of the financial statement where the account is found. TO THE RIGHT place the letter DR for a normal debit balance or CR for a normal credit balance for the accounts listed below. To the left of the account FINANCIAL STATEMENT I. - Income Statement RE. - Statement of Retained Earnings (Corporation) B. - Balance Sheet OC. - Statement of Owner's Capital (Partnership or Single Owner) To the right of the account Debit-DR Credit-CR 1. Cash 14. Bonds Payable 2. Retained Earnings 15. Common Stock 3. Bonds Payable 16. Dividends 4. Owner, Drawing 17. Revenue 5. Accounts Payable 18. Income Tax Expense 6. Land 19. Owner, Capital 7. Cost of Goods Sold 20. Wages Payable 8. Wages Expense 21. Interest Revenue 1. Cash 14. Bonds Payable 2. Retained Earnings 15. Common Stock 3. Bonds Payable 16. Dividends 4. Owner, Drawing 17. Revenue 5. Accounts Payable 18. Income Tax Expense 6. Land 19. Owner, Capital 7. Cost of Goods Sold 20. Wages Payable 8. Wages Expense 21. Interest Revenue 9. Sales 22. Dividends Payable 10. Net Income 23. Additional Paid-Capital 11. Accounts Receivable 24. Loss of Sale of Equipment 12. Accumulated Depreciation 25. Unearned Revenue 13. Depreciation Expense