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For each of the accounts below match the account to the letter stating the type of account it is and state whether the account belongs
For each of the accounts below match the account to the letter stating the type of account it is and state whether the account belongs on the income statement or balance sheet. The first one is already done as an example. (the same letter may be used more than once): 1. Cash BS/A A. current asset 2. Retained Earning B. current liability 3. accounts payable C. fixed asset 4. Sales - COGS D. contra asset 5. depreciation expense E. long-term liability 6. allowance for uncoll. accts. F. stockholders equity account G. net income 7. Earnings after tax H. gross profit 8. accumulated depreciation I. non-cash expense
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