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For each of the ten (10) accounts presented in the following table, identify with a Y (YES) or N (NO) whether each account is presented

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For each of the ten (10) accounts presented in the following table, identify with a "Y" (YES) or "N" (NO) whether each account is presented in the income statement (IS) OR balance sheet (BS) and whether it is included in the measurement of gross margin (GM) and/or operating income (OI). Your income statement or balance sheet determination should be made before closing entries. Hint: each account is presented in the income statement OR balance sheet, but not both! An income statement account may be included in gross margin, operating income, both OR neither. Cash Is (Select] Cash GM [Select Cost of Goods Sold OI [ Select] Accumulated Depreciation IS [Select] Accumulated Depreciation BS Select] > Accumulated Depreciation GM (Select] Accumulated Depreciation Ol [Select] Transportation-In BS (Select] Transportation-In GM Select] Transportation-In OI (Select] > Advertising Expense IS (Select) Advertising Expense BS [Select] Advertising Expense GM (Select) Land IS (Select Land BS Select] Land GM [Select] Land Ol (Select] Allowance for Doubtful Accounts IS [Select] Allowance for DABS (Select] Allowance for DA GM (Select] Loss on Sale of Equip Ol (Select] V Sales Revenue IS [Select] Sales Revenue BS [Select]

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