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Indicate where each component would be reported in the financial statements by selecting the corresponding financial statement components. 1. Merchandise inventory (beginning) 2. Cash dividends
Indicate where each component would be reported in the financial statements by selecting the corresponding financial statement components. 1. Merchandise inventory (beginning) 2. Cash dividends declared on common stock 3. Expenses incurred as a result of a strike 4. Discount on bonds payable 5. Loss from write-off of a significant accounts receivable 6. Interest expense 7. Transportation-in Sales revenue (net) Cost of goods sold Selling expenses General and administrative expenses Other revenue and expenses Prior period adjustments Additions to retained earnings Deductions from retained earnings Balance sheet
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