Match the account with the eight categories under financial statements.

1. Income

2. Expenses - Cost of Sales

3. Expenses - Operating Expenses

4. Asset - Current Assets

5. Asset - Non Current Assets

6. Liability - Current Liabilities

7. Liability - Non Current Liabilities

8. Equity

Question:

1. Bank Overdraft Account

2. Telephone Expenses

3. Loose Tools for Equipment

4. Professional Fees

5. Sales / Revenue

6. Additional Paid in Capital

7. Advertising Expense

8. Financing Interest Earned

9. Mortgage Loan on Building

10. Furniture and Fixtures

11. Vehicle for Transportation

12. Accounts Receivable

13. Shareholders Capital / Common Stock

14. Gas for Company Vehicle

15. Machinery and Equipment

16. Accounts Payable

17. Wages for Shop floor employees

18. Checking Account in bank

19. (-) Accumulated Depreciation

20. Retained Earnings