Homework 1: Put each of the items in the appropriate place in each of the following statement: Income statement. Financial position statement: Advertising revenue Rent expense Administrative expenses Salaries and wages Cash in hand Cash in bank Accounts payable Accounts receivable Land Retained earnings Building Securities revenue Notes Payable Taxes Payable Investment revenue Share Capital-ordinary Office supplies Utilities expense Notes receivable Equipment Loan Furniture Motor vehicles Inventory Income Statement Financial Position Statement Homework 1: Put each of the items in the appropriate place in each of the following statement: Income statement. Financial position statement: Advertising revenue Rent expense Administrative expenses Salaries and wages Cash in hand Cash in bank Accounts payable Accounts receivable Land Retained earnings Building Securities revenue Notes Payable Taxes Payable Investment revenue Share Capital-ordinary Office supplies Utilities expense Notes receivable Equipment Loan Furniture Motor vehicles Inventory Income Statement Financial Position Statement