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Indicate on which financial statement the following accounts would appear. Select your answer by clicking in the drop down box to the right of each

Indicate on which financial statement the following accounts would appear. Select your answer by clicking in the drop down box to the right of each account. Answer choices may be used once, more than once, or not at all.

1) insurance expense

[ Choose ] income statement the account would appear on all 3 financial statements balance sheet statement of changes in owners' equity the account would appear on 2 different financial statements

2) retained earnings

[ Choose ] income statement the account would appear on all 3 financial statements balance sheet statement of changes in owners' equity the account would appear on 2 different financial statements

3) patent

[ Choose ] income statement the account would appear on all 3 financial statements balance sheet statement of changes in owners' equity the account would appear on 2 different financial statements

4) mortgage payable

[ Choose ] income statement the account would appear on all 3 financial statements balance sheet statement of changes in owners' equity the account would appear on 2 different financial statements

5) interest revenue

[ Choose ] income statement the account would appear on all 3 financial statements balance sheet statement of changes in owners' equity the account would appear on 2 different financial statements

Please explain me if you can also the reasons of the choices of each one! Thanks!

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